Friedland02.ClmsProcess

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

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

Provision for Claims Incurred But Not Reported (IBNR)

====Provision for Claims In Transit (incurred and reported but not recorded)

• Life of a claim