Reserving Questions

[Elsaball]

Originally Posted by EKtheSage

Is there chance to get partial credit if you do the disposal rate technique on #20 Freq-Sev problem?

Probably not much, since they didn't give you the closed claim information (so I'm guessing you did it incorrectly).

[dballs33]

Originally Posted by Vorian Atreides

Everyone close to the passmark--both above and below--are looked at again and the marks are reconciled between the two graders exactly (that is, both agree to the same score for the problem).

I'm not too familiar with MQC status. The pass mark is objective and point-based, right? They don't determine MQC vs. how you answered what types of questions or how many questions you left blank, etc. Correct? It's just did you get >= passmark points in total?

edit: I guess what I meant was... it's not like "oh, he almost got the pass mark but answered the most difficult questions correctly, so that should be considered"

[Vorian Atreides]

"Pass Mark" (as a raw point value) <==> "MQC Threshhold"

And I do not believe that there is a review of individual student's exams in their entirety.

[Adversely Selected]

Originally Posted by EKtheSage

Is there chance to get partial credit if you do the disposal rate technique on #20 Freq-Sev problem?

Maybe if a grader feels sorry for you because you used a more time consuming method than technique #1 where you develop ultimate claim counts and ultimate average severities?

[ThePerfectGame]

Originally Posted by actuarialista

On the ALAE problem (#27), did anyone use the additive approach? I did (and I wrote that it may be better in this situation b/c the ratios are so small). I got about 1.58 k. Anyone remember their answer?

I used the additive approach as well. Don't remember my answer, though. On the bright side, the exam will be posted soon. So if you remember your answer, you can always re-work the problem and see if you were right.

[td25er]

Looking at the exam, on 21a, I misread the given case o/s as "reported" and accidentally calculated IBNR as

expected ult-case o/s
instead of
expected ult-(paid + case o/s).

Part b obviously should have tipped me off, but is there any chance I get some partial credit?