Difference between revisions of "Friedland16.ALAE"
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Based on past exams, the '''main things''' you need to know ''(in rough order of importance)'' are: | Based on past exams, the '''main things''' you need to know ''(in rough order of importance)'' are: | ||
| − | * <span style="color: green;">'''multiplicative method'''</span> - a ratio method for calculating ultimate ALAE | + | * <span style="color: green;">'''multiplicative method'''</span> - ''a ratio method for calculating ultimate ALAE'' |
| − | * <span style="color: blue;">'''additive method'''</span> - a ratio method for calculating ultimate ALAE | + | * <span style="color: blue;">'''additive method'''</span> - ''a ratio method for calculating ultimate ALAE'' |
| − | |||
: {| class='wikitable' style='width: 1000px;' | : {| class='wikitable' style='width: 1000px;' | ||
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|- | |- | ||
|| [https://www.battleacts5.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(24).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;'>'''(2019.Spring #24)'''</span> | || [https://www.battleacts5.ca/pdf/Exam_(2019_1-Spring)/(2019_1-Spring)_(24).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;'>'''(2019.Spring #24)'''</span> | ||
| − | || '''multiplicative method''' | + | || <span style="color: green;">'''multiplicative method:'''</span> <br> - ultimate |
|| '''ALAE ratio methods''': <br> - additive vs multiplicative | || '''ALAE ratio methods''': <br> - additive vs multiplicative | ||
|| '''advantage/disadvantage''' <br> - of ALAE ratio methods | || '''advantage/disadvantage''' <br> - of ALAE ratio methods | ||
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|| [https://www.battleacts5.ca/pdf/Exam_(2017_1-Spring)/(2017_1-Spring)_(25).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;'>'''(2017.Spring #25)'''</span> | || [https://www.battleacts5.ca/pdf/Exam_(2017_1-Spring)/(2017_1-Spring)_(25).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;'>'''(2017.Spring #25)'''</span> | ||
|| '''paid ALAE development''': <br> - ultimate ''(with large loss)'' | || '''paid ALAE development''': <br> - ultimate ''(with large loss)'' | ||
| − | || '''multiplicative method''' | + | || <span style="color: green;">'''multiplicative method:'''</span> <br> - ultimate ''(with large loss)'' |
| style='background-color: lightgrey;' | | | style='background-color: lightgrey;' | | ||
| style='background-color: lightgrey;' | | | style='background-color: lightgrey;' | | ||
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|- | |- | ||
|| [https://www.battleacts5.ca/pdf/Exam_(2016_1-Spring)/(2016_1-Spring)_(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;'>'''(2016.Spring #23)'''</span> | || [https://www.battleacts5.ca/pdf/Exam_(2016_1-Spring)/(2016_1-Spring)_(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;'>'''(2016.Spring #23)'''</span> | ||
| − | || '''additive or multiplicative''': <br> - ultimate | + | || '''additive or <span style="color: green;">multiplicative method</span>''': <br> - ultimate |
|| '''advantage/disadvantage''' <br> - of ALAE ratio methods | || '''advantage/disadvantage''' <br> - of ALAE ratio methods | ||
| style='background-color: lightgrey;' | | | style='background-color: lightgrey;' | | ||
| Line 50: | Line 49: | ||
|- | |- | ||
|| [https://www.battleacts5.ca/pdf/Exam_(2015_2-Fall)/(2015_2-Fall)_(24).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;'>'''(2015.Fall #24)'''</span> | || [https://www.battleacts5.ca/pdf/Exam_(2015_2-Fall)/(2015_2-Fall)_(24).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;'>'''(2015.Fall #24)'''</span> | ||
| − | || '''multiplicative method''' | + | || <span style="color: green;">'''multiplicative method:'''</span> <br> - ultimate |
|| '''additive method''': <br> - ultimate | || '''additive method''': <br> - ultimate | ||
|| '''justify final selection''': <br> - ultimate | || '''justify final selection''': <br> - ultimate | ||
Revision as of 15:31, 1 January 2020
Chapter 16: Estimating Unpaid Allocated 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
Keywords
BattleTable
Based on past exams, the main things you need to know (in rough order of importance) are:
- multiplicative method - a ratio method for calculating ultimate ALAE
- additive method - a ratio method for calculating ultimate ALAE
reference part (a) part (b) part (c) part (d) E (2019.Spring #24) multiplicative method:
- ultimateALAE ratio methods:
- additive vs multiplicativeadvantage/disadvantage
- of ALAE ratio methodsE (2018.Spring #25) paid ALAE development:
- ultimateadditive method:
- ultimatejustify final selection:
- ultimateE (2017.Spring #25) paid ALAE development:
- ultimate (with large loss)multiplicative method:
- ultimate (with large loss)E (2016.Spring #23) additive or multiplicative method:
- ultimateadvantage/disadvantage
- of ALAE ratio methodsE (2015.Fall #24) multiplicative method:
- ultimateadditive method:
- ultimatejustify final selection:
- ultimateE (2014.Spring #21) Friedland17.ULAE ALAE ratio methods:
- challengesfrequency-severity:
- for legal expenses
