Techniques for the Conversion of Loss Development Factors

Abstract
It sometimes happens that accident year development factors are available and policy year factors are not and vice versa. The purpose of this paper is to formulate a mathematical technique for converting from one form into another under various assumptions concerning the time during the calendar year that policies are written. The connection between the policy year factor and the influence of changing exposures on accident year development is then explored.
Volume
Summer
Page
373-388
Year
1998
Categories
Actuarial Applications and Methodologies
Reserving
Data Organization
Actuarial Applications and Methodologies
Reserving
Reserving Methods
Publications
Casualty Actuarial Society E-Forum
Authors
Louis B Spore