1. 

   obri600 Member

   In the chapter on claim analyses (Chapter 24, section 5, page 26) it says that distribution models may be fitted to either the claim frequency or claim amounts to project the run-off of outstanding claims.
   
   Does anybody know how the run-off can be projected using claim distributions?

    

   Last edited by a moderator: Dec 7, 2007

   obri600, Dec 7, 2007

   #1
2. 

   Ian Senator ActEd Tutor Staff Member

   If you know what the ultimate distribution of claims is going to be, and you know the situation to date (either paid or incurred), then the difference will be the run-off. How it actually gets there will be a little more difficult to model.

    

   Ian Senator, Dec 13, 2007

   #2
3. 

   obri600 Member

   Thanks for your comments.
   
   What's an LDF?

    

   obri600, Jul 8, 2008

   #3

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