Schedule P net of reinsurance
The wiki says that one of the cautions when using schedule P is that it is net of reinsurance, but doesn't schedule P include both gross and net?
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The wiki says that one of the cautions when using schedule P is that it is net of reinsurance, but doesn't schedule P include both gross and net?
Comments
Part 1 includes both gross and net. Parts 2, 3, and 4 are all net of reinsurance.
Thank you!
Sure, good luck.
Are the count triangles in part 5 gross or net of reinsurance? For example, if the company was in the situation of ceding 100% of the business to a reinsurer, would part 5 show the counts?
Reinsurance generally does not assume claims as a whole. Part 5 reports total claim count. If it is a fronting arrangement, Part 5 still reports all the claims.