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Well, I am not aware of any paper on it. But assuming you have a regular primary P&C insurance company for auto and property, you could consider using the severity (loss at 12 month/# of claims) as a default reserve for high freq/low serv lines. Just make sure you trend older loss years to current year level? (Using loss at 12 month is so we can incorporate the most recent years, whatever period you choose, you should make the cut off uniform across all years)
For liability coverage, and other coverage that has a low freq/high serv lines the claims ppl should be on them from the start and set up an appropriate reserve accordingly?
For 7, what is everyone’s feel on the material? Which section/paper do you find is the hardest?
Also, is there a particular order I should go through the material? e.g. should I do section A,B,C or maybe C, A, B?
Any tips would be really appreciated. I’ve cross posted in GoActuary.
Resact26, I think you might need to use the array function with the Linest function to get both A & B. Btw, how did you do?
I just posted about we haven’t got any update on the release date yet, then the next minute the email came…
Someone from CAS probably read this forum, and go “oops”…
If CAS has the grades ready, would have been nice if they just release it… do they have to artificially hold it for an extra day, just so they can make an announcement?
