Question

What does the asset share represent for life insurance policies?

a.

The total premiums paid by the policyholder

b.

The accumulated cashflow in respect of a policy

c.

The sum of benefits paid by the insurer

d.

The expenses incurred by the insurer

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (b).The accumulated cashflow in respect of a policy Explanation:At a generic level, the asset share for a life insurance policy represents the accumulated cashflow in respect of that policy, according to the regulations.

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Q. What does the asset share represent for life insurance policies?
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