qs pricing process
Sorry Sherwin, but your response doesn't make much sense to me. (Your first sentence seems to contradict itself and doesn't seem to be consistent with the approach described in the course notes.)
The process described in the course notes produces a set of on-level loss ratios - trended (i.e. adjusted for inflation) and ultimate. (These can be used to produce a loss distribution (trended and ultimate).) My question is just which way round the trending and development processes should be performed here.
Last edited by a moderator: Aug 15, 2011