Difference between revisions of "Friedland02.ClmsProcess"
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==In Plain English!== | ==In Plain English!== | ||
| − | + | ===5 components of the total unpaid claim estimate=== | |
| − | + | ====Case outstanding==== | |
| − | + | ====Provision For Future Development on Known Claims==== | |
| − | + | ====Estimate for Reopened Claims==== | |
| − | + | ====Provision for Claims Incurred But Not Reported (IBNR)==== | |
| − | + | ====Provision for Claims In Transit (incurred and reported but not recorded) | |
* Life of a claim | * Life of a claim | ||
==POP QUIZ ANSWERS== | ==POP QUIZ ANSWERS== | ||
Revision as of 19:56, 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 2: The Claims Process
Contents
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)
In Plain English!
5 components of the total unpaid claim estimate
Case outstanding
Provision For Future Development on Known Claims
Estimate for Reopened Claims
Provision for Claims Incurred But Not Reported (IBNR)
====Provision for Claims In Transit (incurred and reported but not recorded)
- Life of a claim
