Q25 vs Q18
For Q18, we use 0.5-1/3 to adjust time for discounting, I just wonder why in Q25 we don't do the same adjustment?
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For Q18, we use 0.5-1/3 to adjust time for discounting, I just wonder why in Q25 we don't do the same adjustment?
Comments
You only do the adjustment for the LRC. Q25 is calculating the LIC
Kind of confused about expected losses for 18 vs 25
for 18, you do straight UEP * LR
for 25 you calc earned then ult claims/earned is the LR.
Can you confirm how to properly calculate/use LR when using
LIC
LRC
(is there any difference between PAA/GMM?)