My company has so far treated mortgage insurance (5-20 year contracts)
the same as other property insurances (mainly one year contracts). As
they are fundamentally different, they have now asked me to split the
mortgage insurance from the others, in terms of UPR and claim reserves.
As I have no experience in this field, is there anything specific to
mortgage insurance I would need to think of when dealing with this? For
example, I can imagine that the risks are not equal during the contract
period.
Your views are appreciated very much.
Kind regards,
Rob van Horssen, general insurance actuary,
Tian An insurance company, China.
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