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Business, 30.03.2021 03:30 kaylallangari1509

Future inflation from mid-2014 is estimated to be 2.5% per annum. The ultimate loss ratio (based on mid-2014 prices) has been estimated at 75%. Claims are assumed to be fully run-off at the end of development year 3. Estimate the outstanding claims arising from policies written in 2014 only (taking explicit account of the inflation statistics in both cases), using: (i) The chain ladder method.

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Future inflation from mid-2014 is estimated to be 2.5% per annum. The ultimate loss ratio (based on...
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