ACSI 4530 - Rate Making and Loss Reserving3 credit hours
Prerequisite: ACSI 4200 or the consent of the instructor. Topics include the introduction of the daily work as a P&C actuary in rate making and loss reserving, summarizing loss run data, compiling of loss triangles, computing loss development factors, incurred method, paid method, case method, Bornhuetter-Ferguson method, trend losses, rate making on losses and exposure, IBNR reserving, make loss payments plan, reporting and communication of analysis results.
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