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Hello,
In 2014S Q15, we just use the gross case reserves for the calculate of the PV. However in 2014F, Q17 we do not use the gross case reserve rather the Ult - Cumulative paid loss.
What is the difference?
Thank you
I see what you mean but it turns out that for 2014S Q15, the "gross case reserve" is the same as "ultimate - paid". (It was just a coincidence.)
2011:
2012:
In this type of problem, you should always use "ultimate - paid".
Comments
I see what you mean but it turns out that for 2014S Q15, the "gross case reserve" is the same as "ultimate - paid". (It was just a coincidence.)
2011:
2012:
In this type of problem, you should always use "ultimate - paid".