For reserve analyses, Loss Forecaster requires the loss data to include paid amounts in order to accurately calculate the estimated required reserves, which is why the option to only use the Incurred method (which would only require incurred loss data) is grayed out.
Articles in this section
- What types of analyses can Loss Forecaster provide for my client with different loss limits (deductibles) by year?
- What causes an LDF of 1.0 and how can this be avoided?
- Reserve Analysis - Why can't I choose "Incurred" method?
- Is there a way to take the unlimited LDFs from Loss Forecaster and adjust them for deductible size to get limited LDFs without developing unique triangles at various retentions and approximating the relativities at various retentions?
- How can I measure the effectiveness of my loss control program?
- What is the range of my projected losses?
- The carrier defines the premium. How accurate is the carrier's estimate of my losses?
- How do I accurately budget my self-insured program?
- Our loss experience is improving. How do I renegotiate my letter of credit?
- In a loss projection evaluating both methods, why does Loss Forecaster shows the estimated ultimate paid losses to be much larger than the estimated ultimate incurred losses?
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