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CAS Exam 7 Study Notes: Benktander Method and Optimal Credibility
2018-04-09
I've uploaded my notes on the Benktander method and optimal credibility. These notes are based on two papers from the syllabus. The first, Credible Claims Reserves: The Benktander Method by Thomas Mack illustrates how to apply the methods to a single accident year. The second, Credible Loss Ratio Claims Reserves: The Benktander, Neuhaus, and Mack Methods Revisited, addresses the question of how to apply the methods to an entire development triangle, by taking credibility-weighted averages of the individual loss ratio claims reserve and the collective loss ratio claims reserve.
Keywords: Actuarial Science, Exam 7, Study Note