请输入您要查询的百科知识：

　

词条 Loss development factor
释义

  1. See also

  2. References

  3. Further reading

Loss development factors or LDFs are used in insurance pricing and reserving to adjust claims to their projected ultimate level.[1][2] Insurance claims, especially in long-tailed lines such as liability insurance, are often not paid out immediately. Claims adjusters set initial case reserves for claims; however, it is often impossible to predict immediately what the final amount of an insurance claim will be,[3] due to uncertainty around defense costs, settlement amounts, and trial outcomes (in addition to several other factors). Loss development factors are used by actuaries, underwriters, and other insurance professionals to "develop" claim amounts to their estimated final value. Ultimate loss amounts are necessary for determining an insurance company's carried reserves. They are also useful for determining adequate insurance premiums, when loss experience is used as a rating factor[4][5][6]

Loss development factors are used in all triangular methods of loss reserving,[7] such as the chain-ladder method.

See also

Incurred but not reported

References

1. ^{{cite web|url=https://www.irmi.com/online/insurance-glossary/terms/l/loss-development-factor-ldf.aspx|title=loss development factor (LDF) - Insurance Glossary - IRMI.com|publisher=}}
2. ^{{cite web|url=http://www.investopedia.com/terms/l/loss-development.asp|title=Loss Development Definition - Investopedia|first=Brent|last=Radcliffe|date=26 July 2015|publisher=}}
3. ^{{cite web|url=http://www.willis.com/documents/publications/industries/healthcare/Demystifying_Actuarial_Reports_V3.pdf|title=Demystifying Actuarial Reports|first=Brad|last=Norrick|date=January 2012}}
4. ^{{cite web|url=http://www.insurancejournal.com/magazines/features/2005/05/23/56160.htm|title=Workers' Comp: An Introductory View into Loss Sensitive Plans|date=23 May 2005|publisher=}}
5. ^{{cite web|url=https://www.casact.org/pubs/proceed/proceed78/78056.pdf|title=Loss Rating|first=Gary|last=Patrik}}
6. ^{{cite web|url=https://www.casact.org/pubs/proceed/proceed78/78050.pdf|title=Actuarial Note on Loss Rating|first=Ronald|last=Ferguson}}
7. ^{{cite web|url=http://www.hbactuarial.com/loss-development-factor/|title=Loss Development Factor|date=10 December 2014|publisher=}}

Further reading

  • {{cite web|url=http://www.assuranceagency.com/blog-post/the-bare-bones-of-loss-development-factors|title=The Bare Bones of loss development factors|access-date=August 13, 2016}}
  • https://www.marsh.com/us/insights/research/keeping-pace-with-carriers-changing-collateral-req.html
  • {{cite web|url=http://www.sigmaactuary.com/library/LDPrimer.pdf|title=The Insurance Professional's Loss Development Primer}}

1 : Actuarial science
随便看

　

开放百科全书收录14589846条英语、德语、日语等多语种百科知识，基本涵盖了大多数领域的百科知识，是一部内容自由、开放的电子版国际百科全书。

　

Copyright © 2023 OENC.NET All Rights Reserved
京ICP备2021023879号 更新时间：2024/11/13 19:43:52