Difference between revisions of "Friedland11.FreqSev"
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|| [https://www.battleacts5.ca/pdf/Exam_(2015_1-Spring)/(2015_1-Spring)_(21).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style='color: red;'>'''(2015.Spring #21)'''</span> | || [https://www.battleacts5.ca/pdf/Exam_(2015_1-Spring)/(2015_1-Spring)_(21).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style='color: red;'>'''(2015.Spring #21)'''</span> | ||
| − | || ''' | + | || '''disposal rate method''': <br> - ultimate |
| − | || ''' | + | || '''disposal rate method''': <br> - adjust for severity spike |
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Revision as of 16:00, 18 July 2020
Reading: Friedland, J.F., Estimating Unpaid Claims Using Basic Techniques, Casualty Actuarial Society, Third Version, July 2010. The Appendices are excluded.
Chapter 11: Frequency-Severity Methods
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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 (2019.Fall #20) disposal rate method:
- unpaidFreq/Sev vs Paid Devlpt:
- why Freq/Sev betterE (2019.Spring #15) unpaid claims:
- freq-sev methodidentify scenario:
- rptd claims downE (2019.Spring #20) tail severity:
- provide an estimatetail severity:
- selection of maturity ageE (2018.Spring #18) E (2017.Fall #18) ultimate:
- Freq-Sev methodtrend in counts:
- explainseasonality:
- suggest diagnosticE (2017.Fall #20) ultimate frequency:
- select & justifyultimate severity:
- select & justifyultimate:
- B-F & Freq-Sev methodsE (2017.Fall #23) tail severity:
- provide an estimatetail severity:
- selection of maturity ageE (2017.Spring #16) IBNR:
- Freq-Sev methodads/disads:
- Freq-Sev methodE (2017.Spring #17) ultimate:
- Freq-Sev methodE (2016.Fall #20) disposal rates - good:
- Freq-Sev methoddisposal rates - not good:
- Freq-Sev methodadjustments:
- to Freq-Sev methodE (2016.Fall #22) settlement rate change:
- provide evidenceultimate:
- Freq-Sev methodE (2016.Spring #19) does Freq-Sev work?:
- long-tailed linesdoes Freq-Sev work?:
- many reopened claimsdoes Freq-Sev work?:
- spike in high-severity clmsdoes Freq-Sev work?:
- change in case reservingE (2015.Fall #20) does Freq-Sev work?:
- general liabilitydoes Freq-Sev work?:
- reduced deductiblesunpaid claim estimate:
- suggest improvementE (2015.Spring #20) ultimate:
- use several methodsdo methods work:
- discussE (2015.Spring #21) disposal rate method:
- ultimatedisposal rate method:
- adjust for severity spikeE (2014.Fall #16) estimate of counts:
- assess reasonablenessE (2014.Fall #17) unpaid:
- Freq-Sev methodlegislative reform:
- assess impacyE (2014.Spring #16) ultimate counts:
- reins. attachment pointsE (2013.Fall #16) IBNR:
- Freq-Sev methodE (2013.Spring #19) IBNR:
- Freq-Sev method
