Difference between revisions of "Friedland13.BerqSherm"

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|| [https://www.battleacts5.ca/pdf/Exam_(2017_1-Spring)/(2017_1-Spring)_(22).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;'>'''(2017.Spring #22)'''</span>
 
|| [https://www.battleacts5.ca/pdf/Exam_(2017_1-Spring)/(2017_1-Spring)_(22).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;'>'''(2017.Spring #22)'''</span>
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|| '''claim count adjustment''': <br> - under paid Berq-Sherm
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|| <span style="color: blue;">'''paid BS'''</span> <br> - claim count adjustment
 
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|| [https://www.battleacts5.ca/pdf/Exam_(2016_1-Spring)/(2016_1-Spring)_(20).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;'>'''(2016.Spring #20)'''</span>
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|| '''ultimate''': <br> - paid Berq-Sherm
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|| [https://www.battleacts5.ca/pdf/Exam_(2015_2-Fall)/(2015_2-Fall)_(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.Fall #21)'''</span>
 
|| [https://www.battleacts5.ca/pdf/Exam_(2015_2-Fall)/(2015_2-Fall)_(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.Fall #21)'''</span>
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|| '''disposal rates''': <br> - paid Berq-Sherm
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|| <span style="color: blue;">'''paid BS'''</span> <br> - disposal rate
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|| [https://www.battleacts5.ca/pdf/Exam_(2013_2-Fall)/(2013_2-Fall)_(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;'>'''(2013.Fall #21)'''</span>
 
|| [https://www.battleacts5.ca/pdf/Exam_(2013_2-Fall)/(2013_2-Fall)_(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;'>'''(2013.Fall #21)'''</span>
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|| '''ultimate''': <br> paid Berq-Sherm
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|| <span style="color: blue;">'''paid BS'''</span> <br> - calc ultimate
 
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Revision as of 14:26, 1 August 2020

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

Chapter 13: Berquist-Sherman Methods

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Based on past exams, the main things you need to know (in rough order of importance) are:

  • reported Berquist-Sherman method - calculate ultimate / unpaid / IBNR
  • paid Berquist-Sherman method - calculate ultimate / unpaid / IBNR
reference part (a) part (b) part (c) part (d)
E (2019.Fall #21) reported BS:
- calc unpaid
E (2019.Spring #14) accuracy of paid devlpt:
- evaluate
E (2019.Spring #22) reported BS:
- calc ultimate
E (2018.Spring #21)
E (2017.Fall #24) reported BS:
- calc IBNR 		alternate method:
- propose & justify
E (2017.Spring #22) paid BS
- claim count adjustment
E (2016.Fall #23) reported BS, BF
- calc unpaid
E (2016.Spring #20) paid BS
- calc ultimate
E (2016.Spring #21) Friedland06.Diagnostics ultimate:
- suggest method
E (2015.Fall #21) paid BS
- disposal rate 		paid BS
- distortion
E (2015.Spring #22) impact:
- settlement rate change 		response:
- to settlement rate change 		related methods:
- rptd B-S, rptd devlpt
E (2015.Spring #23) evaluate methods:
- paid & rptd devlpt 		adjustment to method:
- propose & justify
E (2014.Fall #20) reported BS, paid BS
- calc ultimate
E (2014.Spring #18) ultimate:
- select & apply 2 methods
E (2013.Fall #6) reported BS:
- calc ultimate 1
E (2013.Fall #21) paid BS
- calc ultimate
E (2013.Fall #23) operational change:
- explain 		investigating the change:
- questions for clms mgmt 2 		diagnostics:
- to check results 3
E (2013.Spring #23) reported BS:
- adjust rptd triangle 		compare IBNR:
adjusted vs unadjusted
1 This question requires knowledge of pricing. You may need to come back to it later if you haven't covered the pricing material yet.
2 See Chapter 4 - Meetings for potential questions.
3 Review Chapter 6 - Diagnostics but note that valid answers can include diagnostics other than those specifically discussed in chapter 6.

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