8.4. Loss reserves are calculated using the closure method. The following are the percentage of claims closed derived from the claim count triangle: Percentage of Claims Closed in Development Year 0 1 2 3 4 5 50% 30% 40% 60% 75% 100% For AY3, there are 800 claims. 500 are closed in development year 0 and 100 are closed in development year 1. Project the number of claims closed in each of development years 2-5.

8.4. Loss reserves are calculated using the closure method. The following are the percentage of claims closed derived from the claim count triangle: Percentage of Claims Closed in Development Year 0 1 2 3 4 5 50% 30% 40% 60% 75% 100% For AY3, there are 800 claims. 500 are closed in development year 0 and 100 are closed in development year 1. Project the number of claims closed in each of development years 2-5.

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter12: Sequences, Series And Binomial Theorem

Section12.3: Geometric Sequences And Series

Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...

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