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1) When you do a berqsher case o/s adj and they dont give you the selected trend, should you use the case o/s trend before the spike to trend back or make a trend pick based off of the avg paid per closed claim trends (assuming you have info for closed...
Started by kyleucf on
, 5 posts
by 4 people.
Answer Snippets (Read the full thread at actuarialoutpost):
For consistency you'd want to use the same premium weights if you calculate the ELR on an onleveled basis reporting lags from the denominator of each premium, take that group of reporting lags flip them to make sorts of red flags....
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Code: AY EP ADJ EP RPT %RPT 2007 6000 8000 5000 87.5% 2008 7500 8000 4000 75.0% 2009 9000 10000 4000 50.0% 2010 10000 10000 2000 30.0%
Part A of this problem is a pretty standard Cape Cod problem. They give you earned premium, onlevel earned premium, ...
Started by nonactuarialactuary on
, 3 posts
by 3 people.
Answer Snippets (Read the full thread at actuarialoutpost):
Pretty and unpaid claim totals using....
They give you earned premium, onlevel earned premium, reported loss, and % reported of onlevel earned premium and % reported, and you get an expected loss ratio of 71.43%.
Problem.
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When estimating IBNR when there is loss trend, tort reform and prem onlevel adj, why the book and TIA needs to unadj the ECR (with trended claim over on-level prem) to get the IBNR. I remember on TIA notes, the adjusted ECR (Calculated using trended claim...
Started by judal on
, 6 posts
by 3 people.
Answer Snippets (Read the full thread at actuarialoutpost):
The first expression is the application of the ECR to on-level premium....
Factor for year i
r_i = tort reform factor for year i
P_i = premium for year i
O_i = on-level factor is the application of the "unadj ECR" to regular premium.
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