Friedland17.ULAE

Chapter 17: Estimating ULAE (UnAllocated Claim Adjustment Expenses)

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

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.Fall #24)	Kittel refinement - unpaid ULAE	calculation changes: * clms-made → occurrence
E (2018.Fall #22)	IBNYR claims: - calculate	any method: - unpaid ULAE
E (2018.Spring #23)	classical technique: - unpaid ULAE	Kittel refinement: - unpaid ULAE	compare techniques: - classical vs Kittel
E (2017.Fall #26)	classical technique: - unpaid ULAE	calculate ratio: → (pd ULAE)/(pd claims)	assess reasonableness: - ULAE estimate
E (2017.Spring #24)	ULAE scenario: - expanding operations	ULAE scenario: - hurricane risk	ULAE scenario: - long-tail line
E (2016.Fall #26)	classical technique: - unpaid ULAE	classical technique: - assumption violation	Kittel refinement: - assess appropriateness
E (2016.Spring #22)	ALAE development: - unpaid ALAE	classical technique: - unpaid ULAE	assess reasonableness: - ULAE estimate
E (2015.Spring #25)	classical technique: - identify problem	Kittel refinement: - unpaid ULAE
E (2014.Fall #23)	B-F method: - claims IBNR	classical technique: - unpaid ULAE	classical technique: - assess assumptions	Kittel refinement: - describe
E (2013.Fall #19)	assess impact: - on ALAE ratio method	assess impact: - on ULAE Johnson method	assess impact: - on rates using PP method	assess impact: - on reinsurance recoverable
E (2013.Spring #25)	Kittel refinement: - unpaid ULAE	Kittel refinement: - purpose	classical method: - shortcoming