IRIS 4
For IRIS 4, we are using ceded unearned premium in the numberator if there is a reinsurance, is this correct?
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For IRIS 4, we are using ceded unearned premium in the numberator if there is a reinsurance, is this correct?
Comments
The numerator is surplus aid. There being surplus aid is contingent on there being unearned premium ceded to reinsurers. So, yes.