Queries On Unwinding Present Value Of Future Cash Flows(LFRC) (Doc ID 3049789.1)

Last updated on OCTOBER 01, 2024

Applies to:

Goal

Queries on  unwinding Present Value Of Future Cash Flows (LFRC).

Q1. Present Value Of Future Cash Flows (LFRC)-Inception Value - New Business - why are we considering new business for unwinding purpose....
  when unwinding is related to the balances that existed prior to the reporting date that is at start date.

Q2. Expected Incurred Claims In Reporting Period + Expected Non Claim Handling Expenses Payments In Reporting Period -
What is reason for considering incurred claims for unwinding of LFRC...ideally should we consider expected gross claims
payments till the reporting date using start of the date data.
 

Solution

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