Reserve

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July 1, 2019 at 11:29 am #23486
arya3340
Participant
At what interest rate Insurance company calculate the reserve and who gives them that interest rate

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July 1, 2019 at 11:33 am #24762
Mayank Goyal
Keymaster
Interest is a very basic factor which is not considered generally in Reserving unless the company is specifically using inflation adjusted chain ladder, they are implictly assumed to be in it and continue with the same implicit rate, as per CL assumptions.

However, in later years, if ACPC (frequency severity) is used, average claims are generally inflated at an experienced rate of inflation. So there comes no scene of interest.

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July 1, 2019 at 11:35 am #24763
arya3340
Participant
Yeah as the interest rate keeps on changing so how we calculate premium using one rate of interest and does irdai provide that information

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August 6, 2019 at 11:29 am #24764
Mayank Goyal
Keymaster
Please clarify as you are saying anything out of the context.
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