Difference between revisions of "Friedland17.ULAE"

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Revision as of 00:52, 6 January 2020

Chapter 17: Estimating ULAE (UnAllocated 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

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)
E (2019.Fall #24) Kittel refinement
- unpaid ULAE
calculation changes:
* clms-made → occurrence
E (2018.Fall #22) IBNYR claims:
- calculate
any method:
- unpaid ULAE
E (2018.Spring #23) classical technique:
- unpaid ULAE
Kittel refinement:
- unpaid ULAE
compare techniques:
- classical vs Kittel
E (2017.Fall #26) classical technique:
- unpaid ULAE
calculate ratio:
→ (pd ULAE)/(pd claims)
assess reasonableness:
- ULAE estimate
E (2017.Spring #24) ULAE scenario:
- expanding operations
ULAE scenario:
- hurricane risk
ULAE scenario:
- long-tail line
E (2016.Fall #26)
E (2016.Spring #22)
E (2015.Spring #25)
E (2014.Fall #23)
E (2013.Fall #19)
E (2013.Spring #25)

In Plain English!

POP QUIZ ANSWERS