E
Exam_Machine
Member
303 April 1999 Q11 part (ii)
We are given as the starting point an accident year loss ratio for accident year 1997, lots of other info, and asked to calculate the ULR on business written in July 99 (an underwriting year loss ratio)
i would have thought the period for claims inflation would be from Jan 1997 to mid july 1999, based on the usual assumptions and converting everything to an inception rather than occurence basis. However, the solution starts in January 1998 and inflates to June of 1999
i have understood the rest of the question, but am gettng a different answer to the solutions because of this issue with the start and end points for claims inflation. The logic is sound, but it looks like the solutions are starting one year later and stopping one month earlier
am i missing something here?
or just being thick two weeks before the exam?
We are given as the starting point an accident year loss ratio for accident year 1997, lots of other info, and asked to calculate the ULR on business written in July 99 (an underwriting year loss ratio)
i would have thought the period for claims inflation would be from Jan 1997 to mid july 1999, based on the usual assumptions and converting everything to an inception rather than occurence basis. However, the solution starts in January 1998 and inflates to June of 1999
i have understood the rest of the question, but am gettng a different answer to the solutions because of this issue with the start and end points for claims inflation. The logic is sound, but it looks like the solutions are starting one year later and stopping one month earlier
am i missing something here?
or just being thick two weeks before the exam?