Parts2-4
Not sure if this has been asked before but I noticed that Parts2-4 contain Loss & DCC reserves. Is it then safe to assume that these do not include AO LAE expenses?
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Not sure if this has been asked before but I noticed that Parts2-4 contain Loss & DCC reserves. Is it then safe to assume that these do not include AO LAE expenses?
Comments
Yes, correct. There are special techniques to triangulate AO, and they are not used in Schedule P.
Makes sense, thanks! And I assume a reason is because it is difficult to allocate AO expenses to accident years or to line of business?
Correct. Sure, good luck.