View Full Version : Actex Friedland 17 A.2
04-05-2011, 08:50 PM
On this question 100% of the ULAE ratio is applied to both Reported Claims and IBNR for 1985 and 1986. According to Friedland, 50% of the ULAE ratio should be applied to IBNR. Am I missing something or is the solution incorrect here?
04-05-2011, 08:57 PM
same applies (and perhaps a bit more accurately) to A.5 - I can see how A.2 differs slightly from the examples in the text in that we are dealing with reported claims as opposed to just case reserves.
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