CAS Exam 5 Fall 2019, Question 16

Study guide: Exam 5

Part a (0.75 points)

List three components of an unpaid claims estimate.

Part b (0.75 points)

Briefly describe how an inadequate unpaid claims estimate can impact the decision-making of each of the following parties:

i. Internal management

ii. Investors

iii. Regulators

Answer this question and see the worked solution

Concepts tested

• Unpaid Claims
• IBNR
• Case Reserves
• Loss Reserving
• Stakeholder Reporting
• Reserve Adequacy

More questions from this set

• CAS Exam 5 Fall 2019, Question 15
• CAS Exam 5 Fall 2019, Question 17