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Old 02-12-2018, 03:46 PM
Daniel Daniel is offline
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Default why ALAE and ULAE not going away?

My current company still use old terms of "ALAE" and "ULAE". Why old terms simply stay around, not going away?
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Old 02-12-2018, 03:54 PM
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How many times do you plan on explaining to your boss what DCC and A&O mean?

Or how many time do you expect your boss to explain what DCC and A&O mean to his boss?
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Old 02-12-2018, 03:54 PM
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Quote:
Originally Posted by Chinese Proverb
The best time to plant a tree was 20 years ago.

The second best time is now.
The best time to overhaul your claim/expense data systems was 10 (or 15 or 20) years ago.

The second best time is never.
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Old 02-12-2018, 03:55 PM
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Also, what is the difference between DCC and ALAE?

Or what is the difference between A&O and ULAE?



What's the difference between Claims ratio and Loss ratio?
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Old 02-12-2018, 04:10 PM
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Quote:
Originally Posted by Vorian Atreides View Post
How many times do you plan on explaining to your boss what DCC and A&O mean?

Or how many time do you expect your boss to explain what DCC and A&O mean to his boss?
Very few
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Old 02-12-2018, 04:12 PM
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Originally Posted by Marcie View Post
The best time to overhaul your claim/expense data systems was 10 (or 15 or 20) years ago.

The second best time is never.
Too much truth here
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Old 02-12-2018, 04:15 PM
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Originally Posted by Marcie View Post
The best time to overhaul your claim/expense data systems was 10 (or 15 or 20) years ago.

The second best time is never.
good one
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Old 02-12-2018, 04:20 PM
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Quote:
Originally Posted by Marcie View Post
The best time to overhaul your claim/expense data systems was 10 (or 15 or 20) years ago.

The second best time is never.
Are you my management ppl???
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Old 02-12-2018, 04:23 PM
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Originally Posted by Daniel View Post
My current company still use old terms of "ALAE" and "ULAE". Why old terms simply stay around, not going away?
How dare you call them "old"
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Old 02-12-2018, 04:45 PM
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The ALAE/ULAE definition is far, far more useful for ratemaking than the DCC/A&O split.

I'll say DCC and A&O when I mean those things, and ALAE and ULAE when I mean those things.

edit: and I can barely bring myself to even type "claims ratio."
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