Difference between revisions of "Friedland17.ULAE"
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|| [https://www.battleacts5.ca/pdf/Exam_(2014_2-Fall)/(2014_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;'>'''(2014.Fall #23)'''</span> | || [https://www.battleacts5.ca/pdf/Exam_(2014_2-Fall)/(2014_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;'>'''(2014.Fall #23)'''</span> | ||
| − | || '''B-F method''': <br> claims IBNR | + | || '''B-F method''': <br> - claims IBNR |
|| '''classical technique''': <br> - unpaid ULAE | || '''classical technique''': <br> - unpaid ULAE | ||
|| '''classical technique''': <br> - assess assumptions | || '''classical technique''': <br> - assess assumptions | ||
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|| [https://www.battleacts5.ca/pdf/Exam_(2013_2-Fall)/(2013_2-Fall)_(19).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;'>'''(2013.Fall #19)'''</span> | || [https://www.battleacts5.ca/pdf/Exam_(2013_2-Fall)/(2013_2-Fall)_(19).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;'>'''(2013.Fall #19)'''</span> | ||
| − | || | + | || '''assess impact''': <br> - on ALAE ratio method |
| − | || | + | || '''assess impact''': <br> - on ULAE Johnson method |
| − | || | + | || '''assess impact''': <br> - on rates using PP method |
| − | || | + | || '''assess impact''': <br> - reinsurance recoverable |
|- | |- | ||
Revision as of 01:11, 6 January 2020
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.
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 (2019.Fall #24) Kittel refinement
- unpaid ULAEcalculation changes:
* clms-made → occurrenceE (2018.Fall #22) IBNYR claims:
- calculateany method:
- unpaid ULAEE (2018.Spring #23) classical technique:
- unpaid ULAEKittel refinement:
- unpaid ULAEcompare techniques:
- classical vs KittelE (2017.Fall #26) classical technique:
- unpaid ULAEcalculate ratio:
→ (pd ULAE)/(pd claims)assess reasonableness:
- ULAE estimateE (2017.Spring #24) ULAE scenario:
- expanding operationsULAE scenario:
- hurricane riskULAE scenario:
- long-tail lineE (2016.Fall #26) classical technique:
- unpaid ULAEclassical technique:
- assumption violationKittel refinement:
- assess appropriatenessE (2016.Spring #22) ALAE development:
- unpaid ALAEclassical technique:
- unpaid ULAEassess reasonableness:
- ULAE estimateE (2015.Spring #25) classical technique:
- identify problemKittel refinement:
- unpaid ULAEE (2014.Fall #23) B-F method:
- claims IBNRclassical technique:
- unpaid ULAEclassical technique:
- assess assumptionsKittel refinement:
- describeE (2013.Fall #19) assess impact:
- on ALAE ratio methodassess impact:
- on ULAE Johnson methodassess impact:
- on rates using PP methodassess impact:
- reinsurance recoverableE (2013.Spring #25)
