Friedland05.Triangles

Study Tips

A loss development triangle, or just triangle for short, is a fundamental concept in both pricing and reserving. Here are 4 things you must know:

• what does a loss development triangle look like
• what information does it give you
• how do you construct a triangle from raw claims data
• how do you use a triangle to estimate ultimate losses

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 (2016.Fall #16)
E (2015.Fall #16)
E (2015.Spring #15)
E (2014.Fall #14)
E (2013.Fall #14)

In Plain English!

Let's dive right in. Here's a development triangle. What does it mean?