Naga Sai Shivanee
Member
Hi
I have a doubt regarding the underwriting year and accident year based Triangles.
Consider that two triangles are built for the same data. One is based on underwriting year and the other is accident year. Accident year development triangle tends to have a faster run off/greater development factors than the underwriting year development triangle. Why is it so?
Thankyou in advance.
I have a doubt regarding the underwriting year and accident year based Triangles.
Consider that two triangles are built for the same data. One is based on underwriting year and the other is accident year. Accident year development triangle tends to have a faster run off/greater development factors than the underwriting year development triangle. Why is it so?
Thankyou in advance.