teddybear
04-30-2004, 09:17 PM
On All 10 page 145, 1995 exam question 38
It gives EP at Present rate leve, but for losses, it just say "incurred losses", since there is also frequency and severity trend, I assume that I need to trend the incurred losses to current level, but the solution doesn't trend.
If you look at 1998 Exam question 36 (All 10 page 148), it does trend the Loss and ALAE.
Anyone can clarify for me?
It gives EP at Present rate leve, but for losses, it just say "incurred losses", since there is also frequency and severity trend, I assume that I need to trend the incurred losses to current level, but the solution doesn't trend.
If you look at 1998 Exam question 36 (All 10 page 148), it does trend the Loss and ALAE.
Anyone can clarify for me?