Claim Cohorts and policy bases

Discussion in 'SP7' started by zuglubuglu, Jan 22, 2015.

  1. zuglubuglu

    zuglubuglu Member

    Would it be safe to say that it makes sense to use an reporting year claim cohort if the majority of insurance products are sold on a claims-made/reported basis since there is no need to reserve for pure IBNR in any case?
     
  2. Darren Michaels

    Darren Michaels ActEd Tutor Staff Member

    Yes that is correct. Reporting year triangles are commonly used for claims made business.
     

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