CAS Exam 5 Spring 2018, Question 20
Study guide: Exam 5
After operating in a steady-state environment for multiple years, an insurer decides to increase the strength of outstanding case reserves in 2017.
Part a (1 point)
Explain how this change will impact the following techniques if no adjustments are made.
- i. Reported claim development technique
- ii. Case outstanding development technique
Part b (0.25 points)
Identify a technique that is not impacted by this change.
Answer this question and see the worked solution