Hi Professor Ambatipudi. I'm new in this field working as an actuary for GI. If we use paid claims to create triangle and you get the Reserve of 150.19 like in your case, does that include RBNS as well. So Reserve=RBNS+IBNR. For example Reserve calculated is 150.19 you subtract RBNS which is known value and you get IBNR. I'm struggling to understand this part so this might help me understand. Thanks.
You are simply awesome! Thanks for the explanation.
why you used premium received.? why not using earned premium each year to calculated loss ratio instead of using premium received?
Very helpful video. Thanks a lot
Hi Professor Ambatipudi. I'm new in this field working as an actuary for GI. If we use paid claims to create triangle and you get the Reserve of 150.19 like in your case, does that include RBNS as well. So Reserve=RBNS+IBNR. For example Reserve calculated is 150.19 you subtract RBNS which is known value and you get IBNR. I'm struggling to understand this part so this might help me understand. Thanks.
truly appreciated Sir Vamsidhar
it is very useful thanks so much. I may have the .xls file
Classic actuarial exam question!
Ty!
Please also focus on explanation of concepts along with calculation.
Thanks
can i ask you a theoretical question?
I guess you used the wrong cumulative factors for the years. They should be the otuer way around.
+1
I believe that the other way around is yielding the same result
@@kingsleyopokuboateng8645not really. The result varies
Confusing