Fall 2018 Q16
So the bold 2016, 2017, 2017 & Prior actually in P&C 60.41 are actually on an accident year basis?
It looks like you're new here. If you want to get involved, click one of these buttons!
So the bold 2016, 2017, 2017 & Prior actually in P&C 60.41 are actually on an accident year basis?
Comments
That's correct.
I agree it can be confusing because the exam question (or the 60.41 exhibit) doesn't label the years as calendar or accident.
Yeah I usually assume the years in PC1 exhibit are on calendar year basis
Most exhibits in the annual statement are calendar year. In particular, everything on the balance sheet (page 20.10 for assets, page 20.20 for liabilities) is calendar year. Same for the income statement, page 20.30.
Page 60.40 are 60.41 have accident year breakouts of losses but I think those might be the only pages that do. (I just did a quick check and didn't find any others.)
Thanks Graham