Arrange claim data for a reserve study on calendar, accident, policy, underwriting, and report year bases.
Free CAS Exam 5 (Basic Ratemaking and Reserving) lesson in Estimating Claim Liabilities. 17 min read, ~2,604 words.
Calendar year groups by when a transaction happened; it closes at year-end and never changes afterward. Accident year groups losses by the date the loss occurred, regardless of when reported or paid. Policy year groups losses by the effective date of the policy that covered them; it spans 24 months...
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What this lesson covers
- Content
- Example 1
- Example 2
- Example 3
- Common Mistakes
- Check Your Understanding
- Exam Shortcuts
Learning objectives
- B1
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