N
NeedToQualify
Member
Hi,
In April07 Q1(iv) we are trying to adjust the AY claims because of a change in cover. The change in cover happens half-way through the AY. The answer says that this affects 12.5% of claims. Shouldn't it affect 25% of claims?
Also in part (ii) it says that IBNR is automatically included in any reserve estimates when the origin year is the underwriting year. I do remember that there was something in the ST3 notes about this, so I wish I could find them! How can IBNR be automatically included if your number of claims only refers to the reported ones???
Thanks!
In April07 Q1(iv) we are trying to adjust the AY claims because of a change in cover. The change in cover happens half-way through the AY. The answer says that this affects 12.5% of claims. Shouldn't it affect 25% of claims?
Also in part (ii) it says that IBNR is automatically included in any reserve estimates when the origin year is the underwriting year. I do remember that there was something in the ST3 notes about this, so I wish I could find them! How can IBNR be automatically included if your number of claims only refers to the reported ones???
Thanks!