Difference between revisions of "Friedland13.BerqSherm"
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|| [https://www.battleacts5.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(21).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2019.Fall #21)'''</span> | || [https://www.battleacts5.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(21).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2019.Fall #21)'''</span> | ||
| − | || ''' | + | || <span style="color: green;">'''reported Berq-Sherm:'''</span> <br> - calc unpaid |
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|| [https://www.battleacts5.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(22).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style='color: red;'>'''(2019.Spring #22)'''</span> | || [https://www.battleacts5.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(22).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style='color: red;'>'''(2019.Spring #22)'''</span> | ||
| − | || ''' | + | || <span style="color: green;">'''reported Berq-Sherm:'''</span> <br> - calc ultimate |
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|| [https://www.battleacts5.ca/pdf/Exam_(2017_2-Fall)/(2017_2-Fall)_(24).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style='color: red;'>'''(2017.Fall #24)'''</span> | || [https://www.battleacts5.ca/pdf/Exam_(2017_2-Fall)/(2017_2-Fall)_(24).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style='color: red;'>'''(2017.Fall #24)'''</span> | ||
| − | || ''' | + | || <span style="color: green;">'''reported Berq-Sherm:'''</span> <br> - calc IBNR |
|| '''alternate method''': <br> - propose & justify | || '''alternate method''': <br> - propose & justify | ||
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|| [https://www.battleacts5.ca/pdf/Exam_(2016_2-Fall)/(2016_2-Fall)_(23).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style='color: red;'>'''(2016.Fall #23)'''</span> | || [https://www.battleacts5.ca/pdf/Exam_(2016_2-Fall)/(2016_2-Fall)_(23).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style='color: red;'>'''(2016.Fall #23)'''</span> | ||
| − | || ''' | + | || <span style="color: green;">'''reported Berq-Sherm'''</span>, '''BF''' <br> - calc unpaid |
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|| [https://www.battleacts5.ca/pdf/Exam_(2014_2-Fall)/(2014_2-Fall)_(20).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style='color: red;'>'''(2014.Fall #20)'''</span> | || [https://www.battleacts5.ca/pdf/Exam_(2014_2-Fall)/(2014_2-Fall)_(20).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style='color: red;'>'''(2014.Fall #20)'''</span> | ||
| − | || ''' | + | || <span style="color: green;">'''reported'''</span>, <span style="color: blue;">'''paid'''</span> '''Berq-Sherm''' <br> - calc ultimate |
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Revision as of 14:18, 1 August 2020
Reading: Friedland, J.F., Estimating Unpaid Claims Using Basic Techniques, Casualty Actuarial Society, Third Version, July 2010. The Appendices are excluded.
Chapter 13: Berquist-Sherman Methods
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Based on past exams, the main things you need to know (in rough order of importance) are:
- reported Berquist-Sherman method - calculate ultimate / unpaid / IBNR
- paid Berquist-Sherman method - calculate ultimate / unpaid / IBNR
reference part (a) part (b) part (c) part (d) E (2019.Fall #21) reported Berq-Sherm:
- calc unpaidE (2019.Spring #14) accuracy of paid devlpt:
- evaluateE (2019.Spring #22) reported Berq-Sherm:
- calc ultimateE (2018.Spring #21) E (2017.Fall #24) reported Berq-Sherm:
- calc IBNRalternate method:
- propose & justifyE (2017.Spring #22) claim count adjustment:
- under paid Berq-ShermE (2016.Fall #23) reported Berq-Sherm, BF
- calc unpaidE (2016.Spring #20) ultimate:
- paid Berq-ShermE (2016.Spring #21) Friedland06.Diagnostics ultimate:
- suggest methodE (2015.Fall #21) disposal rates:
- paid Berq-Shermdistortion:
- paid Berq-ShermE (2015.Spring #22) impact:
- settlement rate changeresponse:
- to settlement rate changerelated methods:
- rptd B-S, rptd devlptE (2015.Spring #23) evaluate methods:
- paid & rptd devlptadjustment to method:
- propose & justifyE (2014.Fall #20) reported, paid Berq-Sherm
- calc ultimateE (2014.Spring #18) ultimate:
- select & apply 2 methodsE (2013.Fall #6) ultimate: 1
- reported Berq-ShermE (2013.Fall #21) ultimate:
paid Berq-ShermE (2013.Fall #23) operational change:
- explaininvestigating the change:
- questions for clms mgmt 2diagnostics:
- to check results 3E (2013.Spring #23) adjust the rptd triangle:
- reported Berq-Shermcompare IBNR:
adjusted vs unadjusted
- 1 This question requires knowledge of pricing. You may need to come back to it later if you haven't covered the pricing material yet.
- 2 See Chapter 4 - Meetings for potential questions.
- 3 Review Chapter 6 - Diagnostics but note that valid answers can include diagnostics other than those specifically discussed in chapter 6.
