Question 14.11: Considering the case in Example 14.9.2 and assuming a loss r...
Considering the case in Example 14.9.2 and assuming a loss ratio of 80%, what are the total estimated claims for 2008 and 2009 under the Bornhuetter–Ferguson approach?
Development year (d) | Earned premium | ||||
3 | 2 | 1 | |||
200 | 160 | 150 | 250 | 2007 | Year of claim (c) |
– | 200 | 150 | 300 | 2008 | |
– | – | 200 | 350 | 2009 |
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