Difference between revisions of "Friedland02.ClmsProcess"
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==In Plain English!== | ==In Plain English!== | ||
| + | * 5 components of the total unpaid claim estimate: | ||
| + | |||
| + | :# Case outstanding | ||
| + | :# Provision for future development on known claims | ||
| + | :# Estimate for reopened claims | ||
| + | :# Provision for claims incurred but not reported | ||
| + | :# Provision for claims in transit (incurred and reported but not recorded) | ||
==POP QUIZ ANSWERS== | ==POP QUIZ ANSWERS== | ||
Revision as of 19:27, 8 May 2020
Reading: Friedland, J.F., Estimating Unpaid Claims Using Basic Techniques, Casualty Actuarial Society, Third Version, July 2010. The Appendices are excluded.
Chapter 2: The Claims Process
Pop Quiz
Keywords
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)
In Plain English!
- 5 components of the total unpaid claim estimate:
- Case outstanding
- Provision for future development on known claims
- Estimate for reopened claims
- Provision for claims incurred but not reported
- Provision for claims in transit (incurred and reported but not recorded)
