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Percentage of Claims Closed in Development Year 1 2 3 4 5 30% 40% 75% 100% 0 50% %09 Ponop at pe OL pe acondonop at posus on 009 Sout

Percentage of Claims Closed in Development Year 1 2 3 4 5 30% 40% 75% 100% 0 50% %09 Ponop at pe OL pe acondonop at posus on 009 Sout

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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8.4. Loss reserves are calculated using the closure method. The following are the percentage of claims closed derived from the claim count triangle: Percentage of Claims Closed in Development Year 0 1 2 3 4 5 50% 30% 40% 60% 75% 100% For AY3, there are 800 claims. 500 are closed in development year 0 and 100 are closed in development year 1. Project the number of claims closed in each of development years 2-5.
Transcribed Image Text:8.4. Loss reserves are calculated using the closure method. The following are the percentage of claims closed derived from the claim count triangle: Percentage of Claims Closed in Development Year 0 1 2 3 4 5 50% 30% 40% 60% 75% 100% For AY3, there are 800 claims. 500 are closed in development year 0 and 100 are closed in development year 1. Project the number of claims closed in each of development years 2-5.
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