Blog
CAS Exam 7 Study Notes: Unpaid Claims by Layer
2018-04-17
My notes on unpaid claims by layer of loss are now available. These notes synthesize the ideas in two syllabus readings. The first, A Model for Reserving Workers Compensation High Deductibles by Jerome Siewert, describes how to relate unlimited development loss development factors to limited and excess development factors. The second, Claims Development by Layer: The Relationship Between Claims Development Patterns, Trend, and Claim Size Models by Rajesh Sahasrabuddhe, generalizes these ideas to include adjustments for accident year and calendar year trends.
Keywords: Actuarial Science, Exam 7, Study Note