Chapter 14- Best Estimate Reserves Flashcards
1
Q
Key characteristics of the best estimate in the context of SAM (4)
A
2
Q
Data requirements for reserves (7)
A
3
Q
Adv of accident year method (2)
A
4
Q
Disadv of accident year method (2)
A
5
Q
Adv of underwriting year method (3)
A
6
Q
Disadv of underwriting year method (1)
A
7
Q
Adv of reporting year method (2)
A
8
Q
Disadv of reporting year method (4)
A
9
Q
Rule based approach
A
10
Q
Under run-off triangles the issues include (5)
A
11
Q
Bottom up approach
A
12
Q
Top down approach
A
13
Q
We can apply benchmarks to: (5)
A
14
Q
Benchmarks may differ from the business being analyzed in terms of: (9)
A
15
Q
Issues that may affect the stability of the claims development pattern (12)
A
16
Q
Issues that arise when using the basic chain ladder method (6)
A
17
Q
Key strengths of the BCL Method (5)
A
18
Q
Key weaknesses of the BCL Method (5)
A
