Hi, this questions considers data for pricing an aggregate excess of loss layer. It says that claims data should be by underwriting year. Isn't it better to have AY data? Thanks
does it not depend on the XL programme! you need underwriting year if it is on a claim policy-incepting basis.
can't we price a policies incepting contract using policies occuring data by expressing the premium per unit of exposure? the question is about a fleet policy and covers losses occuring during the policy period. So it's on a claims occuring basis. Or does it matter that it's a fleet policy (claims occuring and claims incepting would be the same if no vehicles enter\exit the fleet after the policy date)
Grizzly's right in that ideally, you'd use AY if the policies in question are on LOD basis, and UY if on a RA basis. But TiredofExams is also right in that you could always, with suitable assumptions, work with the 'other' data and adjust it accordingly.
