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| | | Junior Member
 
Group: Forum Members
Last Login: 4/25/2005 8:44:00 AM
Posts: 13, Visits: 1 |
| wow. i come back after a few days, and the volume of this forum has really gone up. what a wonderful website. i can only imagine what it will be like in a few months. watch out actuary.ca, here comes actuaryforum!
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| | | Forum Newbie
Group: Forum Members
Last Login: 3/18/2005 1:53:00 PM
Posts: 6, Visits: 1 |
| hi, i have an actuarial question for you, say the loss ratio is calculated at 30/09/2002and in the yr 2002 the loss ratio is incurred loss divided by Earned premium Incurred losses are: Claims paid + change in outstanding claims. Should surrendered values under endowment policies be counted as claims?.
Earned premium are=
1- Net premiums paid until 30/09/2002?
2- Since some of the claims have their premiums paid in the prior year, should the net premium be = to net premium as from 30/09/01 up to 30/09/2002?
3- Written premium for year 2002 (written premium = gross premium) + unearned premium reserves for premiums issued from 01/10/2001 to 31/12/2001?
If yes, should we calculate the unearned premium reserves under gross premium basis?
??..ok thanks,,byee
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