Difference between revisions of "Friedland16.ALAE"
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Based on past exams, the '''main things''' you need to know ''(in rough order of importance)'' are: | Based on past exams, the '''main things''' you need to know ''(in rough order of importance)'' are: | ||
| − | * | + | * <span style="color: green;">'''multiplicative method'''</span> - a ratio method for calculating ultimate ALAE |
| + | * <span style="color: blue;">'''additive method'''</span> - a ratio method for calculating ultimate ALAE | ||
* fact B... | * fact B... | ||
Revision as of 15:29, 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.
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Keywords
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Based on past exams, the main things you need to know (in rough order of importance) are:
- multiplicative method - a ratio method for calculating ultimate ALAE
- additive method - a ratio method for calculating ultimate ALAE
- fact B...
reference part (a) part (b) part (c) part (d) E (2019.Spring #24) multiplicative method:
- ultimateALAE ratio methods:
- additive vs multiplicativeadvantage/disadvantage
- of ALAE ratio methodsE (2018.Spring #25) paid ALAE development:
- ultimateadditive method:
- ultimatejustify final selection:
- ultimateE (2017.Spring #25) paid ALAE development:
- ultimate (with large loss)multiplicative method:
- ultimate (with large loss)E (2016.Spring #23) additive or multiplicative:
- ultimateadvantage/disadvantage
- of ALAE ratio methodsE (2015.Fall #24) multiplicative method:
- ultimateadditive method:
- ultimatejustify final selection:
- ultimateE (2014.Spring #21) Friedland17.ULAE ALAE ratio methods:
- challengesfrequency-severity:
- for legal expenses
