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#1001




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1) How many people on your team are doubling up exams? If everyone else is doubling up and you are the only who is not doing so, would you be handling all their work? If that's the case, maybe you should be doubling up as well? 2) Study days/hours: How many study days are you getting if you were to double up? Does your company even allow students to write two exams? 3) Job security: Is there a possibility that your company will cut people in the near future? Maybe you should focus on work (and not doubling up) for now to reduce the chance of being laid off? I raised these points because where I work, pretty much everyone is planning to double up. I'm not even sure who's going to do all these work in fall LOL Last edited by trueblade; 06162020 at 11:44 AM.. 
#1004




For Clark, why doesn't Cape Cod scale up the unpaid % by the (inverse of the) growth function at the truncation point? It seems that if you just take the difference between the growth functions at truncation and at the average age, your reserves would be understated.
I suppose the answer may just be "because the source says so".
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ACAS 7 
#1005




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did I understand you correctly or was I off here?
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#1006




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Under the LDF method, you would adjust the % earned below the truncation point to assume 100% paid at that point. So in this (LDF method) example, we would adjust and now have 50% paid in year 1 and 50% in year 2. However, based on the problems I’ve done, the process of adjusting the patterns for truncation is different. I would’ve thought that the reserve at 12 months would be OLEP*ELR*50%, where the 50% is the unreported claims adjusted for truncation. Instead, the problems show the reserve as OLEP*ELR*(2/3  1/3). Here the 2/3 is the growth function at truncation, the 1/3 is the growth function at current eval. Do you see how I’m perceiving these as inconsistent?
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ACAS 7 
#1007




Has anyone used the Bootstrap model excel file? I essentially have the problem where the paid+unpaid isn't even close to the ultimate if the paid development technique results in a higher ultimate than the incurred technique (using the incurred CL).

#1008




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BUT, unfortunately, Clark didn't do it that way, so it doesn't matter for the purposes if this exam 
#1009




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I believe the bootstrap "Mean Unpaid" indications should be close to the chain ladder estimated unpaid if enough iterations are run. 
#1010




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CC method: R = Prem * ELR * [G(x trunc)  G(x)] => R = Prem * ELR * G(x trunc)* [1  G(x)/G(x trunc)] (consistent with the LDF method) Think of the bolded part as the ultimate loss adjusted by the growth function at T Last edited by trueblade; 06182020 at 10:24 PM.. 
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