Friedland14.Recoveries

Chapter 14: Recoveries: Salvage and Subrogation and Reinsurance

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:

• (Reinsurance)

   - understand mechanics of quota-share (Q/S) & stop-loss reinsurance

   - calculating ultimate claims net of reinsurance using net/gross/ceded loss triangles and appropriate tail factors

• (Salvage/Subrogation)

   - calculating ultimate salvage & subrogation using either the development method or the ratio method

   - selecting the best method, knowing the advantages & disadvantages of each

reference	part (a)	part (b)	part (c)	part (d)
E (2019.Spring #21)	(Reins) identify scenario: - high reported claims	(Reins) ultimate: - discuss approaches
E (2019.Spring #23)	(Reins) retained IBNR: - rptd devlpt method
E (2018.Spring #22)
E (2017.Fall #16)	(Reins) CYEP: - calculate	(Reins) gross UEP: - calculate	(Reins) reported claims: - calculate AY value
E (2017.Fall #25)	(Reins) net unpaid claims: - reptd devlpt method
E (2016.Fall #24)	(S/S) ultimate S/S: - devlpt method	(S/S) ultimate S/S: - ratio method	(S/S) ultimate S/S: - any method
E (2015.Fall #23)	(Reins) net PY IBNR: - calculate	(Reins) net PY unpd clms: - calculate
E (2015.Spring #24)	(S/S) net ultimate clms: - ratio method
E (2014.Fall #21)	(Reins) reins program: - determine structure	(Reins) ceded IBNR: - calculate
E (2014.Spring #20)	(S/S) ultimate S/S: - ratio method
E (2013.Fall #22)	(Reins) net data: - assess reasonableness	(Reins) ultimate clms: - net/gross/ceded	(Reins) tail factors: - impact of Q/S & stop-loss
E (2013.Spring #24)	(S/S) ultimate S/S: - devlpt method	(S/S) ultimate S/S: - ratio method	(S/S) ultimate S/S: - best method