L
Leala
Member
Q2, part (ii)
how did they calculate the average accident date in september, I would have guessed that accidents occurred on average 6months later if policies written evenly, therefore none would be expected to occur in 2006? How would we calc the claims expected in each month?
Q6, part (iv)
don’t know where they got the discount factor here. Cant follow the solution at all, why do they find development factors for the investment return discount we may use?
Thanks again
Leala
how did they calculate the average accident date in september, I would have guessed that accidents occurred on average 6months later if policies written evenly, therefore none would be expected to occur in 2006? How would we calc the claims expected in each month?
Q6, part (iv)
don’t know where they got the discount factor here. Cant follow the solution at all, why do they find development factors for the investment return discount we may use?
Thanks again
Leala