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Terms

Terms to Understand

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It contains the terms those are important to understand what exactly the reserves meant and which would make your life easy for the upcoming exercise.

In case you are confident enough that you can leave them, feel free to ignore them completely 🙂

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Mayank Goyal
Redmond Lover(Microsoft), London Dreamer(Actuary), California Thinker(Entrepreneur). Actuarial Science, Blogger, Web Developing, Winphan India, App development, Social Media Managing, Event Managing & bla bla bla.

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Short and Long Tailed
June 26, 2020

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Methodology for GI Reserving
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Actuarial Reserving

  • Actuarial GI Reserving
  • GI Reserving HOME
  • Introduction
  • Run Off Triangles in GI
  • Claim Reserves
    • IBNR Reserves
    • Outstanding Reserves
    • Other Reserves
  • Terms to Understand
    • Short and Long Tailed
    • Earned Premium
    • Incurred Claims
    • Loss Ratio
    • Development Factors
  • Methodology for GI Reserving
    • Selecting DFs
    • Cumulative Development factors (CDFs)
    • Reserving methods in GI
      • Chain Ladder method – CLM
      • Bornhuetter Ferguson Method
      • Expected Claims Method

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