It does seem contradictory, but my take on it is that countries tend to have
synchronized cycles,
although there will be large differences between some countries. Perhaps this
is due to
monopolies or different policyholder price sensitivity.
---------------------- Forwarded by Kris Troyer/UUG/USA/Zurich on 02/11/99 06:23
PM ---------------------------
Chris Heim <chrisheim@email.msn.com> on 02/11/99 05:44:13 PM
To: CAS Part 10 <studygroup10@lists.casact.org>
cc: (bcc: Kris Troyer/UUG/USA/Zurich)
Subject: Daykin UW cycles
It seems to me that there is an inconsistency in Daykin's views on the
underwriting cycle. Pages 26-27 of the Guided Tour state that "there is a
significant degree of synchronization between the cycles in different
countries." Pages 34-35 seem to imply the complete opposite in saying that
the cycles can "be expected to vary greatly between different countries."
Can anyone explain this logic?
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