Re: Daykin UW cycles

ben.walden@milliman.com
Fri, 12 Feb 1999 5:57:34 -0800

I think that what Daykin is trying to say (not very clearly) is that the ti=
ming=20=
of underwriting cylcles is fairly consistent from country to country=2E However,=
=20=
the size of the upward and downward swings (the amplitude of solvency ratios)=20=
can vary from country to country due to country-specific factors=2E

Ben W