ODP model

Discussion in 'SP7' started by indexo, Apr 3, 2020.

  1. indexo

    indexo Member

    Hi,

    Would like some clarification on below:
    ' ODP model can allow for individual incremental claims to be negative for any development period as long as development factor across the development period as a whole is greater than 1'

    When it says 'across the development period as a whole', does this mean development factor for that 1 development period across all origin years applicable (like how we calculate development factor for chain ladder method)?
     
  2. Darren Michaels

    Darren Michaels ActEd Tutor Staff Member

    yes that's correct.
     

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