You are given the following incremental claims transactions by the Claim Depart- ment. Claim Number Accident...
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You are given the following incremental claims transactions by the Claim Depart- ment. Claim Number Accident Date Transaction Date Transaction Type Amount 07/01/2015 09/01/2015 09/01/2015 09/01/2015 09/01/2015 09/01/2015 06/01/2016 06/01/2016 06/01/2016 06/01/2016 09/01/2015 09/15/2015 10/15/2015 05/15/2016 09/15/2017 09/15/2017 06/01/2016 01/01/2017 07/01/2017 07/01/2017 Loss Payment Reserve adjustment Reserve adjustment Reserve adjustment Reserve adjustment Loss Payment Reserve adjustment Loss Payment Reserve adjustment Loss Payment 1 100 2 100 200 2 50 -350 400 3 175 3 100 3 -175 3 175 Complete the following tables. Assume accident year losses losses are evaluated as-of 9/1/2017. Calendar Year Paid Loss Case Incurred Loss 2015 2016 2017 Accident Year Paid Loss Case Incurred Loss 2015 2016 2017 You are given the following incremental claims transactions by the Claim Depart- ment. Claim Number Accident Date Transaction Date Transaction Type Amount 07/01/2015 09/01/2015 09/01/2015 09/01/2015 09/01/2015 09/01/2015 06/01/2016 06/01/2016 06/01/2016 06/01/2016 09/01/2015 09/15/2015 10/15/2015 05/15/2016 09/15/2017 09/15/2017 06/01/2016 01/01/2017 07/01/2017 07/01/2017 Loss Payment Reserve adjustment Reserve adjustment Reserve adjustment Reserve adjustment Loss Payment Reserve adjustment Loss Payment Reserve adjustment Loss Payment 1 100 2 100 200 2 50 -350 400 3 175 3 100 3 -175 3 175 Complete the following tables. Assume accident year losses losses are evaluated as-of 9/1/2017. Calendar Year Paid Loss Case Incurred Loss 2015 2016 2017 Accident Year Paid Loss Case Incurred Loss 2015 2016 2017
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Related Book For
Introduction to Operations Research
ISBN: 978-1259162985
10th edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
Posted Date:
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