Difference between revisions of "Friedland05.Triangles"
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| − | == | + | ==Study Tips== |
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| + | A loss development triangle, or just ''triangle'' for short, is a fundamental concept in both pricing and reserving. Here are 4 things you <u>must</u> know: | ||
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| + | * what does a loss development triangle <u>look like</u> | ||
| + | * what <u>information</u> does it give you | ||
| + | * how do you <u>construct</u> a triangle from raw claims data | ||
| + | * how do you <u>use</u> a triangle to estimate ultimate losses | ||
==BattleTable== | ==BattleTable== | ||
Revision as of 13:48, 5 May 2020
Pop Quiz
Study Tips
A loss development triangle, or just triangle for short, is a fundamental concept in both pricing and reserving. Here are 4 things you must know:
- what does a loss development triangle look like
- what information does it give you
- how do you construct a triangle from raw claims data
- how do you use a triangle to estimate ultimate losses
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 (2016.Fall #16) E (2015.Fall #16) E (2015.Spring #15) E (2014.Fall #14) E (2013.Fall #14)
In Plain English!
Let's dive right in. Here's a development triangle. What does it mean?
