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skaren9
03-31-2011, 08:57 PM
Is Berquist Sherman part of Exam 5? The syllabus explicitly states all the techniques but B-S; it might be part of section 5 but why in the world would CAS omit to mention the B-F method explicitly.

Vorian Atreides
03-31-2011, 10:37 PM
1. B-S is Ch 13 of Friedland and is explicitly part of the syllabus for L.O. B.4 and B.5. And there's usually a question on this topic.

2. B-S is not listed in L.O. B.3 because it's not a method of estimating ultimate claim liability. B-S is a method of adjusting historical data for various "environmental changes" (especially operational) in analyzing the Outstanding Reserves (not ultimate claims). In other words, you're making adjustments to the data triangle before using one of the other methods described in Ch 7-12 (L.O. B.3).

skaren9
04-01-2011, 11:48 AM
1. B-S is Ch 13 of Friedland and is explicitly part of the syllabus for L.O. B.4 and B.5. And there's usually a question on this topic.

2. B-S is not listed in L.O. B.3 because it's not a method of estimating ultimate claim liability. B-S is a method of adjusting historical data for various "environmental changes" (especially operational) in analyzing the Outstanding Reserves (not ultimate claims). In other words, you're making adjustments to the data triangle before using one of the other methods described in Ch 7-12 (L.O. B.3).

Thanks for your detailed response, Vorian!