Organize premium, loss, and exposure data on a calendar year, accident year, policy year, report year, or in-force basis, and move between these views.

Free CAS Exam 5 (Basic Ratemaking and Reserving) lesson in Ratemaking. 19 min read, ~2,858 words.

Calendar year groups transactions by book date; it closes fast and never changes, but it mixes many accident and policy years and is cheapest to collect. Accident year groups losses by occurrence date; it develops until every claim settles and pairs cleanly with earned premium and earned exposures. Policy year...

What this lesson covers

• Content
• Example 1
• Example 2
• Example 3
• Common Mistakes
• Check Your Understanding
• Exam Shortcuts

Learning objectives

• A3

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