Friedland13.BerqSherm

Reading: Friedland, J.F., Estimating Unpaid Claims Using Basic Techniques, Casualty Actuarial Society, Third Version, July 2010. The Appendices are excluded.

Chapter 13: Berquist-Sherman Methods

BattleTable

Based on past exams, the main things you need to know (in rough order of importance) are:

• reported Berquist-Sherman method - calculate ultimate / unpaid / IBNR
• paid Berquist-Sherman method - calculate ultimate / unpaid / IBNR

reference	part (a)	part (b)	part (c)	part (d)
E (2019.Fall #21)	unpaid: - reported Berq-Sherm
E (2019.Spring #14)	accuracy of paid devlpt: - evaluate
E (2019.Spring #22)	ultimate: - reported Berq-Sherm
E (2018.Spring #21)
E (2017.Fall #24)	IBNR: - reported Berq-Sherm	alternate method: - propose & justify
E (2017.Spring #22)	claim count adjustment: - under paid Berq-Sherm
E (2016.Fall #23)	unpaid: - reported Berq-Sherm, B-F
E (2016.Spring #20)	ultimate: - paid Berq-Sherm
E (2016.Spring #21)	Friedland06.Diagnostics	ultimate: - suggest method
E (2015.Fall #21)	disposal rates: - paid Berq-Sherm	distortion: - paid Berq-Sherm
E (2015.Spring #22)	impact: - settlement rate change	response: - to settlement rate change	related methods: - rptd B-S, rptd devlpt
E (2015.Spring #23)	evaluate methods: - paid & rptd devlpt	adjustment to method: - propose & justify
E (2014.Fall #20)	ultimate: - rptd & paid Berq-Sherm
E (2014.Spring #18)	ultimate: - select & apply 2 methods
E (2013.Fall #6)	ultimate: 1 - reported Berq-Sherm
E (2013.Fall #21)	ultimate: paid Berq-Sherm
E (2013.Fall #23)	operational change: - explain	investigating the change: - questions for clms mgmt 2	diagnostics: - to check results 3
E (2013.Spring #23)	adjust the rptd triangle: - reported Berq-Sherm	compare IBNR: adjusted vs unadjusted

¹ This question requires knowledge of pricing. You may need to come back to it later if you haven't covered the pricing material yet.

² See Chapter 4 - Meetings for potential questions.

³ Review Chapter 6 - Diagnostics but note that valid answers can include diagnostics other than those specifically discussed in chapter 6.