Fisher & Lange "Loss Reserve Testing: A Report Year Approach"
Gardner,Brad-FICOH ( (no email) )
Tue, 24 Aug 1999 07:47:00 -1000
I have a problem with the 1998 CAS sample essay solution. For question #54,
the CAS solution includes a calculation of the paid losses by age group for
report year 1996. Shown under the titled RY1996...for example (1250)(1070) =
1,337,500 for age group 0-12 for a total of 3,343,380 of paid losses for
report year 1996 for all age groups.
Why do we need this? Where is this used in the calculation of the report
year 1996 deficiency? Any help would be appreciated. I do not think we need
this information.
Brad
bgardner@ficoh.com