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Old 10-15-2018, 12:08 PM
aleks09 aleks09 is offline
 
Join Date: Jun 2005
Posts: 18
Question Reserving for Flat Extras

We have some Flat Extra Premiums coming through our Re-Insurance inforce files.

What is the proper way to reserve for and model flat extra premiums in US?
a. Substandard reserve is 1/2 FE Premiums (prior model's convention).
b. Premiums => add Flat Extra Premiums to total premiums.
c. Claims/Mortality => Not clear how to convert Flat Extra Premiums into extra mortality.
d. items b & c would potentially impact GAAP reserves.

That's the level of understanding I have currently. Could anyone correct/add to this.
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Old 10-16-2018, 11:04 PM
Steve Grondin Steve Grondin is offline
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a is common, especially for yrt.
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