Difference between revisions of "Friedland02.ClmsProcess"

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(In Plain English!)
(Provision for Claims In Transit (incurred and reported but not recorded))
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====Provision for Claims In Transit (incurred and reported but not recorded)====
 
====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 20:44, 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

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

POP QUIZ ANSWERS