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This is written premium for 2010, you're told this in the question.
A basic chain ladder will project whatever claims are included in the triangle. Let’s assume that attritional claims are still developing on the...
This is for Question 4 I take it Sumrah? We do indeed apply inflation to 2007. Take a look at the top of page 7 of the Examiners' Report.
Not quite o.menary. The third table shows us that there IS is an interaction term within the model between policyholder age and the ratio of...
Don’t worry o.menary, you’re not the first to be confused by the concept of near aliaising. Have a look at this thread here...
The 2011 year is only 10 months developed. (It renews on 1st June, and data is as at 31st March).
Hi Laura, Approach 1: Yes that's right, well done. You're asked to reparameterise the lognormal distribution using the best estimate reserve as...
Perhaps you're getting confused by the heading for this column. They've simply calculated the number of policies in force during each month....
From page 38 of Chapter 18 we know that φ=E[σ^2(θ)]=Vik multipled by var (Xik|θi). But we are working with a claim number distribution N rather...
Without knowing which question you're looking at, it's hard to give an answer out of context. However, I can try: Let's imagine you have...
September 2014 Q3 doesn't have a part (iii) Jia, can you check which question you're talking about please? Also, your post is rather vague, so...
That's right David. Your answer is in £000s, we're working in units. There are many variants of the ACPC method. Any reasonable method would...
This is an inflation-adjusted ACPC method, so use the real triangles as calculated in part (ii).
I've knocked up a spreadsheet for you in excel. Hopefully of some use. (This forum won't allow .xls files unfortunately, so I've given you two...
This is a stonking question, so don’t lose heart, everyone will have had trouble with it! Have you bought the ASET? This goes through the...