Bornhuetter-Ferguson: IBNR from an Expected Loss Ratio
This lesson is part of the course
In this lesson
You estimate Tamsworth Mutual's IBNR with the Bornhuetter-Ferguson method, using earned premium, an expected loss ratio and the development pattern, and compare it with the chain ladder.
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Lessons in this course
- Loss Ratio, Expense Ratio & Combined Ratio by Line Locked
- From Incremental to Cumulative Claims Triangles Locked
- Age-to-Age Development Factors: Link Ratios & Averages Locked
- Cumulative Development Factors & Ultimate Claims Locked
- IBNR, Case Reserves & the Total Claims Reserve Locked
- Bornhuetter-Ferguson: IBNR from an Expected Loss Ratio Locked
- Incurred vs Paid Chain Ladder: Reading the Difference Locked
- Tail-Factor Sensitivity & Discounting the Claims Reserve Locked