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revprevAdminOct 25'24 at 0:15−33‎m
revcurprevAdminOct 18'24 at 21:06−1‎m
revcurAdmin (Created page with "'''Solution: C''' The IBNR using the Bornhuetter-Ferguson method equals <math>\mu (1-F^{-1}) </math> where <math>\mu</math> is the expected ultimate loss and <math>F</math> is the development factor. Hence the expected loss equals <math display = "block"> \mu = 95000 * (1-F^{-1})^{-1}</math>. To find the development factor, we know that the IBNR using the chain ladder method equals 110,000 = 255,000 * (<math>F</math>-1) which implies that <math>F</math> equals 1.4314...")Oct 18'24 at 21:05+578‎