emelnd
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Thanks
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I hit enter by mistake above. Can you please help me understand why the detrending / undeveloping approach gives more weight to the latest year as compared to bringing the actual losses to ultimate? From step 3 notes:
"We could have instead…
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Thanks!
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Are we assuming the claims below the deductible limit will also defend themselves etc and not file a claim at all?
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Thanks!
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Thanks, that makes sense. So if you are at a multiple you have the probability of multiple losses hitting the size of the layer, and that causes a discontinuity?
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Thanks!
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Thanks this is helpful!
On the below, there is no match function on the pearson list so I couldn't figure out how to do the below without match. They do seem to have vlookup though.
• There is currently no sort functionality. You need…
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I am confused by the L = 435k/3.75 + (650k - 435k) . I feel like I am missing something really obvious.
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Thanks!
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Thanks! Makes sense now.
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Thanks!
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Thanks!
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Thanks! One follow up question. Is there a handy reference for which excel functions work as expected, and which ones don't, on the exam environment? This will be my first time on this environment.
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Thanks!