Difference between revisions of "Friedland16.ALAE"

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Revision as of 15:26, 1 January 2020

Chapter 16: Estimating Unpaid Allocated Claim Adjustment Expenses

Reading: Friedland, J.F., Estimating Unpaid Claims Using Basic Techniques, Casualty Actuarial Society, Third Version, July 2010. The Appendices are excluded.

Study Tips

Keywords

BattleTable

Based on past exams, the main things you need to know (in rough order of importance) are:

  • fact A...
  • fact B...
reference part (a) part (b) part (c) part (d)
E (2019.Spring #24) multiplicative method:
- ultimate
ALAE ratio methods:
- additive vs multiplicative
advantage/disadvantage
- of ALAE ratio methods
E (2018.Spring #25) paid ALAE development:
- ultimate
additive method:
- ultimate
E (2017.Spring #25) paid ALAE development:
- ultimate (with large loss)
multiplicative method:
- ultimate (with large loss)
E (2016.Spring #23) additive or multiplicative:
- ultimate
advantage/disadvantage
- of ALAE ratio methods
E (2015.Fall #24) multiplicative method:
- ultimate
additive method:
- ultimate
justify final selection:
- ultimate
E (2014.Spring #21) Friedland17.ULAE ALAE ratio methods:
- challenges
frequency-severity:
- for legal expenses

In Plain English!

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