Homework Answers
Ans--
Age-to-Age factors are determined by calculating the ratio of losses at subsequent valuation dates.
After, averages of the age-to-age factors are calculated. Final selections are made after observing several averages. The age-to-age factors are then multiplied together to obtain cumulative development factors.
|
Loss Development Factor—Number of Claim |
|||||||||||
|
Accident Year |
Development (Months) |
||||||||||
|
12-24 |
24-36 |
36-48 |
48-60 |
60-72 |
72-84 |
To Ult |
|||||
|
2008 |
1.286 |
1.121 |
1.144 |
1.094 |
1.072 |
1.054 |
|||||
|
2009 |
1.152 |
1.058 |
1.087 |
1.048 |
1.025 |
||||||
|
2010 |
1.125 |
1.037 |
1.036 |
1.063 |
|||||||
|
2011 |
1.045 |
1.050 |
1.066 |
||||||||
|
2013 |
1.075 |
1.048 |
|||||||||
|
2012 |
1.087 |
||||||||||
|
2013 |
|||||||||||
|
Average Factor |
1.128 |
1.063 |
1.083 |
1.068 |
1.585 |
1.054 |
1.000 |
||||
|
Cumulative Factor |
2.317 |
2.054 |
1.932 |
1.784 |
1.670 |
1.054 |
1.000 |
||||
Add Answer to:
Loss Triangle Number of Claims Development (months) Accident Year 2008 2009 2010 2011 2013 2012 2...
そ -S 2017-184 CHEN2OC 2016-17-I chen200ミ @ 2014-15-I 2013 X 2012-13.1 2011-12.1 2010-11.1 2009-101 2008-9.p +...
そ -S 2017-184 CHEN2OC 2016-17-I chen200ミ @ 2014-15-I 2013 X 2012-13.1 2011-12.1 2010-11.1 2009-101 2008-9.p + file://C/Users/niamh/Desktop/CHEN20030/2013-14.pdf [33 %] (b) A certain natural gas of composition: 90 mole % CH4 5 mole % C2H6 5mole % N2 is burned with 20% more air (80% N2 plus 20% O2) than that required for stoichiometric reaction (ie. 120% stoichiometric). The following experimental data is available 393 242 02 (g) 30.26 90 i. Assuming that the fuel and air are fed to the...
No of hotel rooms & suites Year ended 12/31/2014 12/31/2013 12/31/2012 12/31/2011 12/31/2010 12/31/2009 12/31/2008 39,218...
No of hotel rooms & suites Year ended 12/31/2014 12/31/2013 12/31/2012 12/31/2011 12/31/2010 12/31/2009 12/31/2008 39,218 42,200 42,710 42.890 42,010 41,830 39.170 12/31/2007 12/31/2006 12/31/2005 12/31/2004 12/31/2003 12/31/2002 12/31/2001 12/31/2000 12/31/1999 12/31/1998 12/31/1997 12/31/1996 12/31/1995 12/31/1994 12/31/1993 Food and beverage costs 694,000,000 639,000,000 634,000,000 665,700,000 621,300,000 596,000,000 639,500,000 716,500,000 697,600,000 482,300,000 278,100,000 255,200,000 240,600,000 232,400.000 228,000,000 218,600,000 116,600,000 103,600,000 95,900,000 91,500,000 82,800,000 76,500,000 38,130 38,060 43.060 17,220 14.780 14.551 13,598 11,562 11.760 11,685 8,197 6,478 5,736 5,367 5,348 1. Perform...
そ -S 2017-184 CHEN2OC 2016-17-I chen200ミ @ 2014-15-I 2013 X 2012-13.1 2011-12.1 2010-11.1 2009-101 2008-9.p + file://C/Users/niamh/Desktop/CHEN20030/2013-14.pdf [33 %] (b) A certain natural gas of composition: 90 mole % CH4 5 mole % C2H6 5mole % N2 is burned with 20% more air (80% N2 plus 20% O2) than that required for stoichiometric reaction (ie. 120% stoichiometric). The following experimental data is available 393 242 02 (g) 30.26 90 i. Assuming that the fuel and air are fed to the...
No of hotel rooms & suites Year ended 12/31/2014 12/31/2013 12/31/2012 12/31/2011 12/31/2010 12/31/2009 12/31/2008 39,218 42,200 42,710 42.890 42,010 41,830 39.170 12/31/2007 12/31/2006 12/31/2005 12/31/2004 12/31/2003 12/31/2002 12/31/2001 12/31/2000 12/31/1999 12/31/1998 12/31/1997 12/31/1996 12/31/1995 12/31/1994 12/31/1993 Food and beverage costs 694,000,000 639,000,000 634,000,000 665,700,000 621,300,000 596,000,000 639,500,000 716,500,000 697,600,000 482,300,000 278,100,000 255,200,000 240,600,000 232,400.000 228,000,000 218,600,000 116,600,000 103,600,000 95,900,000 91,500,000 82,800,000 76,500,000 38,130 38,060 43.060 17,220 14.780 14.551 13,598 11,562 11.760 11,685 8,197 6,478 5,736 5,367 5,348 1. Perform...
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