2018 fall 12a
I note that discovery year is used for Surety insurance which is out of my expectation as i am not familiar with it. Are there any other line of business that may use a special yearly reporting convention?
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I note that discovery year is used for Surety insurance which is out of my expectation as i am not familiar with it. Are there any other line of business that may use a special yearly reporting convention?
Comments
All other lines will use calendar year for earned premium and accident year for loss and LAE, except if the line is marked as "claims-made", in which case it will use report year for loss and LAE.