Difference between revisions of "Friedland02.ClmsProcess"
Jump to navigation
Jump to search
(→In Plain English!) |
(→In Plain English!) |
||
| Line 31: | Line 31: | ||
:# Provision for claims incurred but not reported | :# Provision for claims incurred but not reported | ||
:# Provision for claims in transit (incurred and reported but not recorded) | :# Provision for claims in transit (incurred and reported but not recorded) | ||
| + | |||
| + | * Life of a claim | ||
==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)
- Life of a claim
