Practice: 4 problems on the basic BF method
In Problem 2, for the paid and reported loss @ 24 months in the table on the right - do we know these values as of 31Dec, 2025? or is it something that we wont know as of 31Dec, 2025 in real life? Thought we only have the 12 months development paid and reported data as of 2025 year end for AY 2025. Wonder if i missed something.
Comments
These questions have randomly generated dates. So no, in real life, as of today (Sep 9, 2024) you wouldn't know the values at the end of 2025. You just have to pretend you are doing this analysis sometime in early 2026 after the year-end data for 2025 is available.