exercise:C31f67d8d6: Difference between revisions
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(Created page with "{| class = "table table-bordered" | <br> | <br> | <br> | colspan="4" | Cumulative Loss Payments through Development Month |- | Accident Year | Earned Premium | Expected Loss Ratio | 12 | 24 | 36 |- | AY1 | 9,500 | 0.7 | 5,250 | 6,700 | 7,500 |- | AY2 | 10,000 | 0.72 | 5,250 | 7,300 | <br> |- | AY3 | 11,500 | 0.75 | 6,550 | <br> | <br> |} There is no development past 36 months. Calculate the indicated loss reserve using the Bornhuetter-Ferguson method and volume-...") |
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Calculate the indicated loss reserve using the Bornhuetter-Ferguson method and volume-weighted average loss development factors. | Calculate the indicated loss reserve using the Bornhuetter-Ferguson method and volume-weighted average loss development factors. | ||
<ul class="mw-excansopts"> | |||
<li>3,400</li> | |||
<li>3,600</li> | |||
<li>3,700</li> | |||
<li>3,800</li> | |||
<li>4,000</li> | |||
</ul> | |||
Latest revision as of 20:35, 22 October 2024
| Cumulative Loss Payments through Development Month | ||||||
| Accident Year | Earned Premium | Expected Loss Ratio | 12 | 24 | 36 | |
| AY1 | 9,500 | 0.7 | 5,250 | 6,700 | 7,500 | |
| AY2 | 10,000 | 0.72 | 5,250 | 7,300 | ||
| AY3 | 11,500 | 0.75 | 6,550 | |||
There is no development past 36 months.
Calculate the indicated loss reserve using the Bornhuetter-Ferguson method and volume-weighted average loss development factors.
- 3,400
- 3,600
- 3,700
- 3,800
- 4,000