Friedland06.Diagnostics

Reading: Friedland, J.F., Estimating Unpaid Claims Using Basic Techniques, Casualty Actuarial Society, Third Version, July 2010. The Appendices are excluded.

Chapter 6: The Development Triangle as a Diagnostic Tool

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What are the 3 dimension of a development triangle? Click for Answer 

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 (2017.Spring #15)	paid/rptd claims ratio: - interpretation	paid/rptd counts ratio: - interpretation
E (2016.Spring #21)	case reserve adequacy: - suggest diagnostic	Friedland13.BerqSherm
E (2016.Fall #16)	Friedland05.Triangles	Friedland05.Triangles	settlement rate change: - suggest diagnostic	Friedland07.Development Friedland13.BerqSherm
E (2015.Spring #16)	operational change: - suggest diagnostic	Friedland07.Development Friedland13.BerqSherm
E (2014.Fall #14)	Friedland05.Triangles	operational change: - suggest diagnostic
E (2013.Fall #15)	SOP.UnpaidClms	combining data: 1 - suggest diagnostics	combining data: - argue for or against	combining data: - argue for or against

¹ Parts (b), (c), (d) of this question require a synthesis of knowledge from several different chapters. You can look at it now but you may not be able to answer all of it until you've covered the chapters on different reserving methods.