Pt 4
What would be the answer if I was asked to update pt 4? I could not locate a simple example in text (i was able to locate a simple verbal description but alas I'm worried thats not enough).
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What would be the answer if I was asked to update pt 4? I could not locate a simple example in text (i was able to locate a simple verbal description but alas I'm worried thats not enough).
Comments
In this set-up, you would update Part 4 with the new CY's IBNR data, same as with Parts 2 and 3, remembering that the Prior row consists of as-of IBNR numbers in Part 4.
Is there a practice problem for this (just pt 4) or can you use the numbers provided in the pic. Again, verbal descriptions not so hot for me.
Why don't you try solving it and put it here, and I'll look at it for you.
@agnichatter, here's the solution. You should be able to click to download the Excel file.