SOA Exam FAM Sample Question 97
Study guide: Exam FAM
You are given the following information:
(i) Case reserves = 187,047
(ii) Losses paid-to-date = 243,005
(iii) Age-to-ultimate reported loss development factor = 1.08
(iv) IBNR using Bornhuetter-Ferguson method = 47,387
Calculate the absolute difference in the IBNR based on the chain-ladder method and the expected loss ratio method.
- A) 12,983
- B) 43,787
- C) 98,101
- D) 146,754
- E) 175,268
Answer this question and see the worked solution