Formulae Flashcards by J S | Brainscape

Q

IBNR for Chain Ladder

A

IBNR = Reported x (1/%rep - 1)
IBNR = Reported x (CDF -1)

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Q

BF IBNR

A

BF IBNR = ECR x EP x (1-1/%rep)

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Q

CC IBNR

A

CC ECR = Sum( Reported)/Sumproduct(%rep, OLEP)

CC IBNR = Sum(CC ECR x EP x (1-%rep))

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