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elizabeth smith
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Decks in this class (16)
Reserving - basics
Accurate estimate of unpaid claim...,
Assumptions of chain ladder,
Chain ladder works best when
41
cards
Reserving - other techniques
Frequency severity techniques,
F s assumptions,
F s advantages disadvantages
39
cards
Reserving - ALAE
Estimating alae 3 common approaches,
Advantages of ratio approach
6
cards
Reserving - ULAE
Approaches to estimating ulae,
Dollar based tech generalized app...,
Selecting ratio w
18
cards
other reserving
General order of diagnostic trian...,
Why are tail factors important,
Difficulties in selecting a tail ...
8
cards
Data, Profit, and Background
3 criteria for good exposure based,
Common exposure bases,
4 common ways to measure exposure...
23
cards
Addressing an Imbalanced Fund Ins Eqn
Some options to addressing imbala...,
Reasons why,
Statement of principles rm
16
cards
one time and continuous changes
One time changes,
Need to adjust for one time changes,
Direct and indirect effects
25
cards
development and expenses
Development ensures,
Development represents,
Why can exposures prem loss and a...
20
cards
CMP & risk classification
Coverage trigger,
2 primary types of coverage trigg...,
Cmps were created in effort to re...
17
cards
univariate and multivariate
3 main approaches for univariate,
Main distortion in ppa,
Distributional bias
25
cards
special classifications
Territorial ratemaking,
Few challenges when determining i...,
2 steps in territorial rm
32
cards
credibility
When we don t have enough data fo...,
While losses for any one risk wil...,
Amount of credibility given to ob...
16
cards
individual risk rating
Why,
Experience rating,
Iso gcl experience rating plan
17
cards
implementation
Calculating new rates for existin...,
Expense fees,
Fixed expense fee per exposure
19
cards
errata
2 step trending,
Loss costs,
Company change using ind lc chang...
27
cards
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Exam 5
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