timed out BattleActs100

Schedule P: Understanding Parts 2,3,4

myID_+ priorDate_+ record_+ WET_+ fadeFactor_

Calculate the case incurred and paid loss & net DCC expense for the current CY. (See 2017.Fall #11)

  current score:
0.000

case incurred paid
Part 2:  Incurred Net Loss & DCC at Year-End
AY CY-2 CY-1 CY
AY-2 ---- ---- ----
AY-1 ---- ----
AY ----
Part 3:  Cumulative Paid Net Loss & DCC at Year-End
AY CY-2 CY-1 CY
AY-2 ---- ---- ----
AY-1 ---- ----
AY ----
Part 4:  Bulk & IBNR Reserves on Net Loss & DCC at Year-End
AY CY-2 CY-1 CY
AY-2 ---- ---- ----
AY-1 ---- ----
AY ----

1

case reserve = (total incurred) – paid – IBNR = (part 2) – (part 3) – (part 4)

2

paid in CY = (cum paid thru CY) – (cum pd thru CY-1)

CY paid

= Σ (CY paid across all AYs)

CY case incurred

= Σ (chg(case)) + Σ CY paid

Solution:
case incurred paid
-- --
Need to find chg(case)
AY CY-1 case CY case chg(case)
CY-2 ---- ---- ----
AY-1 ---- ---- ----
AY ---- ---- ----
sum → ----
Need to find paid in current CY
AY CY paid
AY-2 ----
AY-1 ----
AY ----
sum → ----