Kongo
05-03-2011, 10:43 AM
Sorry guys, one more:
This principle says that Claims Made shoud cost more when costs are increasing. The way I understand this is that since the trends are going up, more payments will be made when claim costs are higher.
However, if you look in WM it says something to the tune of: Since there is more variability the costs are higher.
Are those two the same thing. Seems like not.
Thanks.
This principle says that Claims Made shoud cost more when costs are increasing. The way I understand this is that since the trends are going up, more payments will be made when claim costs are higher.
However, if you look in WM it says something to the tune of: Since there is more variability the costs are higher.
Are those two the same thing. Seems like not.
Thanks.