Loss Forecaster
Entering Analysis Data
- Why am I getting the message, "Paid cannot be greater than occurred.” on the Limited Incurred/Paid Losses column,
- What is the difference between the two methods of loss development?
- How should I weight the workers compensation inflation trend factors?
- If I have a client’s loss development history, can I use that data in Loss Forecaster?
- How do I enter data on the "Excess of Limit Data Input" page?
- How does LF develop losses for a period which is closed (fully paid)?
General
- How do I convert a Loss Projection into a Reserve Analysis?
- What is a Loss Projection?
- What is a Reserve Analysis?
- Does Loss Forecaster limit development on individual claims that have exceeded the retention/loss limit?
- Does Loss Forecaster have the capability to produce Loss Development Triangles?
- How is IBNR accounted for in Loss Forecaster?
Getting Started
Loss Projection & Reserve Analysis Scenarios
- Reserve Analysis - Why are my LDFs 1.000? How do I avoid this?
- Reserve Analysis - Why can't I choose "Incurred" method?
- Is there a way to take the unlimited LDFs that are built into Loss Forecaster and adjust them for deductible size to get limited LDFs without developing my own book of business triangles at various retentions and approximating the relativities at various
- 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?
System Factors
- Are there industry specific LDF’s?
- I have a problem with how the LDFs are generated when all the losses are paid. In these situations, the incurred LDF is 1.00 - shouldn't there still be an IBNR element to the LDFs?
- What is the source of the LDFs (loss development factors) and other trending data in Loss Forecaster? Are they specific to the selected industry?
- The inflation rate implied by the inflation trend factors varies by line of coverage. Why is the inflation rate not constant?