Friedland01.Overview

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

Chapter 1: Overview

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 (2014.Fall #13)

In Plain English!

• unpaid claims estimates are important to: internal managers, investors, insurance regulators
• 5 components of unpaid claim estimate:
  1. case outstanding
  2. IBNER
  3. reopened claims
  4. IBNYR