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Loss Triangle as described by HB Actuarial Services, Inc. Complex Calculations Made Easy to Understand. A loss triangle is the primary method in which actuaries organize claim data that will be used in an actuarial analysis. The reason it is called a loss triangle is that a typical submission of claim data from a client company shows numeric values forming a triangle when viewed. The easiest loss triangle to explain is the accident year paid loss triangle. This loss triangle totals paid loss data in each of two categories. The first is accident year. Simply put, all paid losses from all claims occurring in the accident year are totaled.
This means that our Q1 is 4, and our Q2 is 5. So the base of our deadweight loss triangle will be 1. The difference between supply and demand curve (with the tax imposed) at Q1 is 2. So our equation for deadweight loss will be Â½(1*2) or 1. So here, when we calculate deadweight loss for this example, we get a deadweight loss equal to 1. Summary: Deadweight loss is generally triangular shaped and will be located between the two equilibrium quantities.