Fall 2017 Q24 a
Lets say the question asked for 2015 IBNR. After calculating 2015 ultimate using BS reported method, should I subtract the adjusted reported claims or the unadjusted reported claims?
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Comments
You would subtract the unadjusted reported claims. (The adjusted reported claims is just part of the technique to get a more accurate estimate of ultimate claims, but to calculate a "real" quantity like IBNR, you need to use the actual given values.