beh_1970
10-09-2003, 01:30 PM
hi, (sorry if it sounds pretty dumb 2.5 weeks before exam)
I would deeply appreciate any input on my problem in selecting appropriate Loss Development Factors for Accident years, (I usually get pretty confused when I've to select from given development factors for particular years). e.g:
given: treaty effective date:1/1/97
Age to ult development factors:
12-ult: 1.3
24-ult: 1.15
36-ult: 1.05
48-ult: 1.01
60-ult: 1
72-ult: 1
What would be the appropriate development factors to use for Accident years 91-95 losses evaluated at 12/31/95? any other examples from reserving? Any rule of thumb to eliminate error(s) during exam?
I would deeply appreciate any input on my problem in selecting appropriate Loss Development Factors for Accident years, (I usually get pretty confused when I've to select from given development factors for particular years). e.g:
given: treaty effective date:1/1/97
Age to ult development factors:
12-ult: 1.3
24-ult: 1.15
36-ult: 1.05
48-ult: 1.01
60-ult: 1
72-ult: 1
What would be the appropriate development factors to use for Accident years 91-95 losses evaluated at 12/31/95? any other examples from reserving? Any rule of thumb to eliminate error(s) during exam?