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  #11  
Old 12-04-2018, 01:19 PM
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Originally Posted by ShundayBloodyShunday View Post
More context is needed to give you a better answer.

[typical actuarial answer]What was used last time?[/taa]
Actually, this person doesn't seem to know what he's doing and I suspect that it's a mistake to try to help him. Although -I could be wrong, maybe it's a problem with language.

I would actually suggest the OP ask his manager.
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  #12  
Old 12-04-2018, 02:11 PM
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Actually, this person doesn't seem to know what he's doing and I suspect that it's a mistake to try to help him. Although -I could be wrong, maybe it's a problem with language.

I would actually suggest the OP ask his manager.
Mutt's Rule: 20% of the questions asked in Property-Casualty/General Insurance Questions should be answered with a brief bit of contextual information followed by "but, you REALLY need to ask your manager or engage a consultant."
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  #13  
Old 12-04-2018, 02:28 PM
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Actually, this person doesn't seem to know what he's doing and I suspect that it's a mistake to try to help him. Although -I could be wrong, maybe it's a problem with language.

I would actually suggest the OP ask his manager.
Great post. OP, this plus your surplus reinsurance post both make me wonder what you're doing; of course that's not my business, but it does sound like you're dabbling in a few areas where you have very little background and are being asked to answer some questions that you (and we) may not have the appropriate context for. Will just say that you can create a real mess in that case. Caution is appropriate.
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  #14  
Old 12-04-2018, 02:44 PM
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Good chance that the OP is a student and working on a few assignments and expecting us to do their work.

Hence the need to get more context to any question posed.
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  #15  
Old 12-04-2018, 02:50 PM
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Mutt's Rule: 20% of the questions asked in Property-Casualty/General Insurance Questions should be answered with a brief bit of contextual information followed by "but, you REALLY need to ask your manager or engage a consultant."
That seems like a very low estimate, Mr mutt.
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  #16  
Old 12-04-2018, 02:54 PM
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That seems like a very low estimate, Mr mutt.
Perhaps the numerator is the unique number of such topics while the denominator remains total number of questions/threads started.
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  #17  
Old 12-04-2018, 03:04 PM
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Perhaps the numerator is the unique number of such topics while the denominator remains total number of questions/threads started.
Are you sure that's an appropriate exposure base for your frequency calculation?

What did Mr mutt use last year?
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  #18  
Old 12-04-2018, 03:11 PM
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Of course it's an appropriate exposure base. It meets all of the criteria identified in post #9 above.

As for what mutt used last year, I'm afraid I'll have to report him to the ABCD for severe violations of ASOP 41.
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  #19  
Old 12-04-2018, 08:12 PM
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Brings to mind a good question...why don't we require exposures somewhere in the Annual Statement? I get it wouldn't be all that useful for apples to apples, but it's certainly better than nothing and can still tell a story for an insurer over time.
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  #20  
Old 12-04-2018, 08:51 PM
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Originally Posted by therealsylvos View Post
Brings to mind a good question...why don't we require exposures somewhere in the Annual Statement? I get it wouldn't be all that useful for apples to apples, but it's certainly better than nothing and can still tell a story for an insurer over time.
Here's why:
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Originally Posted by Whiskey View Post
Frequency is a rate of occurrence.

It is defined by the choice of numerator and denominator.

When looking at a claim frequency, it is common to use claim count as the numerator.
The denominator is normally determined by the purpose of the analysis being performed.

The OP needs to tell us about the purpose of this analysis. I suspect the answer is "homework."
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Carol Marler, "Just My Opinion"

Pluto is no longer a planet and I am no longer an actuary. Please take my opinions as non-actuarial.


My latest favorite quotes, updated Nov. 20, 2018.

Spoiler:
I should keep these four permanently.
Quote:
Originally Posted by rekrap View Post
JMO is right
Quote:
Originally Posted by campbell View Post
I agree with JMO.
Quote:
Originally Posted by Westley View Post
And def agree w/ JMO.
Quote:
Originally Posted by MG View Post
This. And everything else JMO wrote.
And this all purpose permanent quote:
Quote:
Originally Posted by Dr T Non-Fan View Post
Yup, it is always someone else's fault.
MORE:
All purpose response for careers forum:
Quote:
Originally Posted by DoctorNo View Post
Depends upon the employer and the situation.
Quote:
Originally Posted by El Actuario View Post
Therapists should ask the right questions, not give the right answers.
Quote:
Originally Posted by Sredni Vashtar View Post
I feel like ERM is 90% buzzwords, and that the underlying agenda is to make sure at least one of your Corporate Officers is not dumb.
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