Discover actuarial terms like risk pooling, underwriting, and reserving explained using Marvel, Breaking Bad, Harry Potter, and more. Make actuarial science fun and easy to understand with pop culture analogies!
Chain Ladder Method (CLM): the most common reserving method and steps to apply
The chain ladder or development method (CLM) is a prominent actuarial loss reserving technique. The chain ladder method is used in both the property and casualty and health insurance fields. …