Difference between revisions of "Friedland16.ALAE"
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|| [https://www.battleacts5.ca/pdf/Exam_(2014_1-Spring)/(2014_1-Spring)_(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;'>'''(2014.Spring #21)'''</span> | || [https://www.battleacts5.ca/pdf/Exam_(2014_1-Spring)/(2014_1-Spring)_(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;'>'''(2014.Spring #21)'''</span> | ||
| − | || | + | || '''paid ALAE development''': <br> - challenges |
|| <span style="color: purple;">'''ALAE ratio methods:'''</span> <br> - challenges | || <span style="color: purple;">'''ALAE ratio methods:'''</span> <br> - challenges | ||
|| '''frequency-severity''': <br> - for legal expenses | || '''frequency-severity''': <br> - for legal expenses | ||
Revision as of 14:50, 2 January 2020
Chapter 16: Estimating ALAE (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.
Study Tips
BattleTable
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
- advantage/disadvantage - of ALAE ratio methods
- ALAE ratio methods - additive versus multiplicative method
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) paid ALAE development:
- challengesALAE ratio methods:
- challengesfrequency-severity:
- for legal expenses
