exercise:F73fc9b996: Difference between revisions
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Calculate the expected ultimate loss. | Calculate the expected ultimate loss. | ||
<ul class="mw-excansopts"> | |||
<li>285,000</li> | |||
<li>300,000</li> | |||
<li>315,000</li> | |||
<li>350,000</li> | |||
<li>365,000</li> | |||
</ul> | |||
Latest revision as of 20:14, 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.
- 285,000
- 300,000
- 315,000
- 350,000
- 365,000