Vet the data behind a pricing analysis, spotting errors, gaps, and results that fail a reasonableness check.
Free CAS Exam 5 (Basic Ratemaking and Reserving) lesson in Ratemaking. 22 min read, ~3,240 words.
Vetting data means checking three things: accuracy (no coding or entry errors), completeness (no missing records or gaps), and internal consistency (pieces reconcile to each other and to financials). Reconcile premium and loss data to the company's financial statements (Annual Statement, general ledger) before trusting it. Pure premium must equal...
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What this lesson covers
- Content
- Example 1
- Example 2
- Example 3
- Common Mistakes
- Check Your Understanding
- Exam Shortcuts
Learning objectives
- A4
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