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  #561  
Old 02-23-2020, 10:41 AM
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Brehm section 3.1 has 0 knowledge statements on the syllabus but it is included in the sections covered.
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  #562  
Old 02-23-2020, 11:15 AM
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Taylor Theorem 3.1

"The cumulative loss estimates X ̂kj and the reserve estimates R ̂k are also MVUEs"

Why do we need to estimate the cumulative loss, shouldn't it be given?
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  #563  
Old 02-23-2020, 02:03 PM
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Originally Posted by trueblade View Post
Taylor Theorem 3.1

"The cumulative loss estimates X ̂kj and the reserve estimates R ̂k are also MVUEs"

Why do we need to estimate the cumulative loss, shouldn't it be given?
X hat refer to cumulative estimates contained in D+, and R hat refers to the ultimate estimate X hat minus current cumulative
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  #564  
Old 02-23-2020, 04:19 PM
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2001 #54
“standard American Chain ladder"

When did chainladder become American?
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  #565  
Old 02-23-2020, 04:35 PM
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2001 #54
“standard American Chain ladder"

When did chainladder become American?
The Munich chain ladder is referenced in Shapland and it is different I think
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  #566  
Old 02-23-2020, 04:43 PM
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TIA is very comprehensive, including examples and insights in many cases that are beyond what is covered in the source. you are pretty safe if that's what you are using.
I heard the opposite that TIA covers too much beyond the source and leaves out some testable knowledge.
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  #567  
Old 02-23-2020, 05:35 PM
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Quote:
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X hat refer to cumulative estimates contained in D+, and R hat refers to the ultimate estimate X hat minus current cumulative
Oh thanks, I got confused by the notation again
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  #568  
Old 02-23-2020, 06:39 PM
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Quote:
Originally Posted by kadsura View Post
2001 #54
“standard American Chain ladder"

When did chainladder become American?
Sometime in the 1950s (according to oral tradition)
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  #569  
Old 02-24-2020, 09:49 AM
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I heard the opposite that TIA covers too much beyond the source and leaves out some testable knowledge.
TIA does cover stuff outside the source, but Alejandro usually gives you fair warning when this happens. And I find that it usually provides good context and aids my overall understanding. I've been very happy with TIA thus far.

Can't speak to what it leaves out, but I have cookbook as well for gaps.
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  #570  
Old 02-24-2020, 10:55 AM
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The Munich chain ladder is referenced in Shapland and it is different I think
interesting
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