VadimSem
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- VadimSem
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Right that makes sense. In this example of of reserves decreasing less than expected, wouldn't this represent a positive development of 3000 rather than negative?
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Right. In other words reserves were 3000 lower at the beginning of the year than they are at the end. Is that right?
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I had the same confusion as @bicbic with the formula as stated in the wiki: LRC = (Future cash inflows - Future cash outflows + effect of discounting - RA) + CSM Changing to (Future cash outflows - Future cash inflows) makes a lot of it mak…