Practical Business Math Procedures with Business Math Handbook
12th Edition
ISBN: 9781259725067
Author: Jeffrey Slater, Sharon M. Wittry
Publisher: McGraw-Hill Education
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Chapter 21.3, Problem 1PQ
To determine
The net asset value for the given mutual fund quotation.
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Questions
An insurance company's cumulative incurred claims for the last 5 accident years are given
in the following table:
Development Year
Accident Year 0
2018
1 2 3 4
245 267 274 289 292
2019
255 276 288 294
2020
265 283 292
2021
263 278
2022
271
It can be assumed that claims are fully run off after 4 years. The premiums received for
each year are:
Accident Year Premium
2018
306
2019
312
2020
318
2021
326
2022
330
You do not need to make any allowance for inflation.
1. (a) Calculate the reserve at the end of 2022 using the basic chain ladder method.
(b) Calculate the reserve at the end of 2022 using the Bornhuetter-Ferguson method.
2. Comment on the differences in the reserves produced by the methods in Part 1.
Chapter 21 Solutions
Practical Business Math Procedures with Business Math Handbook
Ch. 21.1 - From the following Texaco stock quotation (a)...Ch. 21.1 - Prob. 2PQCh. 21.1 - Prob. 1EPQCh. 21.1 - Prob. 2EPQCh. 21.1 - Prob. 1AHCh. 21.1 - Prob. 2AHCh. 21.1 -
What was the price of the last trade of Disney...Ch. 21.1 - Prob. 4AHCh. 21.1 - Prob. 5AHCh. 21.1 - Prob. 6AH
Ch. 21.1 - Prob. 7AHCh. 21.1 - Prob. 8AHCh. 21.1 - Prob. 9AHCh. 21.2 -
From the above bond quotation, (1) calculate the...Ch. 21.2 -
From the above bond quotation, check the current...Ch. 21.2 - Prob. 1EPQCh. 21.2 - Prob. 2EPQCh. 21.2 -
From the bond listing above complete the...Ch. 21.2 - Prob. 2AHCh. 21.2 - Prob. 3AHCh. 21.2 - Prob. 4AHCh. 21.2 - Prob. 5AHCh. 21.2 - Prob. 6AHCh. 21.2 - Prob. 7AHCh. 21.2 - Prob. 8AHCh. 21.2 - Prob. 9AHCh. 21.2 - Prob. 10AHCh. 21.2 - Prob. 11AHCh. 21.2 - Prob. 12AHCh. 21.2 - Prob. 13AHCh. 21.2 - Prob. 14AHCh. 21.3 - Prob. 1PQCh. 21.3 - Prob. 2PQCh. 21.3 - Prob. 3PQCh. 21.3 - Prob. 4PQCh. 21.3 - Prob. 1EPQCh. 21.3 - Prob. 2EPQCh. 21.3 - Prob. 3EPQCh. 21.3 - Prob. 4EPQCh. 21.3 - Prob. 1AHCh. 21.3 - Prob. 2AHCh. 21.3 - Prob. 3AHCh. 21.3 - Prob. 4AHCh. 21.3 - Prob. 5AHCh. 21.3 - Prob. 6AHCh. 21.3 - Prob. 7AHCh. 21.3 - Prob. 8AHCh. 21.3 - Prob. 9AHCh. 21.3 - Prob. 10AHCh. 21.3 - Prob. 11AHCh. 21.3 - Prob. 12AHCh. 21.3 - Prob. 13AHCh. 21.3 - Prob. 14AHCh. 21.3 - Prob. 15AHCh. 21.3 - Prob. 16AHCh. 21.3 - Prob. 17AHCh. 21 - Prob. 1ECPCh. 21 - Prob. 2ECPCh. 21 - Prob. 3ECPCh. 21 - Prob. 4ECPCh. 21 - Prob. 5ECPCh. 21 - Prob. 6ECPCh. 21 - Calculate the total cost of buying 400 shares of...Ch. 21 - Prob. 8ECPCh. 21 - Prob. 9ECPCh. 21 - Prob. 10ECPCh. 21 - Prob. 11ECPCh. 21 - Prob. 12ECPCh. 21 - Prob. 13ECPCh. 21 - Prob. 14ECPCh. 21 - Prob. 15ECPCh. 21 - Prob. 16ECPCh. 21 - Prob. 17ECPCh. 21 - Prob. 18ECPCh. 21 - Prob. 19ECPCh. 21 - Prob. 20ECPCh. 21 - The following bond was quoted in The Wall Street...Ch. 21 - Prob. 22ECPCh. 21 - Prob. 23ECPCh. 21 - Prob. 24ECPCh. 21 - Prob. 25ECPCh. 21 - Prob. 26ECPCh. 21 - Prob. 27ECPCh. 21 - Prob. 28ECPCh. 21 - Prob. 29ECPCh. 21 - Prob. 30ECPCh. 21 - On September 6, Irene Westing purchased one bond...Ch. 21 - Prob. 1PTCh. 21 - Prob. 2PTCh. 21 - Prob. 3PTCh. 21 - Prob. 4PTCh. 21 - Prob. 5PTCh. 21 - Prob. 6PTCh. 21 - Prob. 7PT
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