Difference between revisions of "Friedland08.ExpectedClms"
Jump to navigation
Jump to search
(→BattleTable) |
(→In Plain English!) |
||
| Line 57: | Line 57: | ||
==In Plain English!== | ==In Plain English!== | ||
| + | Let's build from a very simple of the ECR method or ''Expected Claims Ratio'' method. Suppose you're given the following: | ||
| + | |||
| + | * ECR = 75% | ||
| + | * EP = 1,000 | ||
| + | |||
| + | Then | ||
| + | |||
| + | * ultimate loss = ECR x EP = 75% x 1,000 = <u>750</u> | ||
==POP QUIZ ANSWERS== | ==POP QUIZ ANSWERS== | ||
Revision as of 20:02, 24 April 2020
Pop Quiz
Study Tips
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 (2016.Spring #16) unpaid claims:
- expected claims methodFriedland07.Development Friedland09.BornFerg E (2015.Fall #17) Friedland07.Development ultimate claims:
- expected claims methodE (2015.Spring #18) E (2014.Fall #15) E (2014.Spring #19)
In Plain English!
Let's build from a very simple of the ECR method or Expected Claims Ratio method. Suppose you're given the following:
- ECR = 75%
- EP = 1,000
Then
- ultimate loss = ECR x EP = 75% x 1,000 = 750
