Abstract
Perkins and Teng have provided us with a new and remarkably intuitive procedure for estimating the accrued retrospective premium asset: the PDLD (premium development to loss development) approach. This reserve is often significant—amounting to half a billion dollars or more for some of the major workers compensation carriers—and it has been difficult to accurately estimate with traditional procedures. The paper by Perkins and Teng should greatly enhance our actuarial repertoire.
Volume
LXXXV
Page
274-315
Year
1998
Categories
Actuarial Applications and Methodologies
Reserving
Loss Sensitive Features
Retrospective Premium Reserves
Actuarial Applications and Methodologies
Ratemaking
Retrospective Rating
Financial and Statistical Methods
Asset and Econometric Modeling
Business Areas
Workers Compensation
Publications
Proceedings of the Casualty Actuarial Society
