RBC , Spring 2019 #15
In RBC BattleTable note 7, you validate that this problem is OK.
But where do we see "Direct" as opposed to "Net"? I'm looking at Odomirok page 294 (Excessive Premium Growth), and it doesn't take sides, regarding how to calculate the percentage.
Thanks!
Comments
The EPG explanation on p. 294 says it is calculated the same way as for R4, but for certain differences. The EPG explanation on p. 285 (for R4) specifies that growth is calculated on gross written premium. In the problem, you are given direct premiums, which is the closest to gross.