Difference between revisions of "Friedland01.Overview"

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(In Plain English!)
(In Plain English!)
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* unpaid claims estimates are important to: ''internal managers, investors, insurance regulators''
 
* unpaid claims estimates are important to: ''internal managers, investors, insurance regulators''
* 5 components of unpaid claim estimate:
+
 
*# case outstanding
+
===5 components of unpaid claim estimate:===
*# IBNER
+
====case outstanding====
*# reopened claims
+
====IBNER====
*# IBNYR
+
====reopened claims====
 +
====IBNYR====
  
 
==POP QUIZ ANSWERS==
 
==POP QUIZ ANSWERS==

Revision as of 19:52, 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 1: Overview

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)
E (2014.Fall #13)

In Plain English!

  • unpaid claims estimates are important to: internal managers, investors, insurance regulators

5 components of unpaid claim estimate:

case outstanding

IBNER

reopened claims

IBNYR

POP QUIZ ANSWERS