Difference between revisions of "Friedland02.ClmsProcess"
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====Estimate for Reopened Claims==== | ====Estimate for Reopened Claims==== | ||
====Provision for Claims Incurred But Not Reported (IBNR)==== | ====Provision for Claims Incurred But Not Reported (IBNR)==== | ||
| − | ====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 | * Life of a claim | ||
==POP QUIZ ANSWERS== | ==POP QUIZ ANSWERS== | ||
Revision as of 19:56, 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
Contents
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 (IBNR)
Provision for Claims In Transit (incurred and reported but not recorded)
- Life of a claim
