Question: . Explain how three of the following elements can affect estimate of loss reserve The claims-handling process Policy and exposure forms Inflation Legal trends Environmental

. Explain how three of the following elements can affect estimate of loss reserve

  • The claims-handling process
  • Policy and exposure forms
  • Inflation
  • Legal trends
  • Environmental factors
  • Mix of claimants
  • Timeliness of claim reporting by claimants

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