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You are given the following information: | You are given the following information: | ||
#Reported claims | #Reported claims = 255,000 | ||
#IBNR using Bornhuetter-Ferguson method = 95,000 | #IBNR using Bornhuetter-Ferguson method = 95,000 | ||
#IBNR using the chain ladder method | #IBNR using the chain ladder method = 110,000 | ||
Calculate the expected ultimate loss. | Calculate the expected ultimate loss. | ||
Revision as of 00:32, 18 October 2024
You are given the following information:
- Reported claims = 255,000
- IBNR using Bornhuetter-Ferguson method = 95,000
- IBNR using the chain ladder method = 110,000
Calculate the expected ultimate loss.