For each policy year, report the case reserves held as of December 31 each evaluation year. Continuing with the example from above, assume the year-ending case basis reserves held for the 2007 policy year were: 2007 - $40,000 2009 - $30,000 2013 - $10,000 2014 - $0 In this example, the development triangle should be completed as follows: Line 5, column (A): $40,000 Line 5, column (B): $40,000 (no change) Line 5, column (C): $30,000 (reduced based on payments made in year) Line 5, column (D-F): $30,000 (no change) Line 5, column (G): $10,000 (reduced based on payments made in year) Line 5, column (H): $0 (reduced based on expectation that all claims closed) Line 5, column (I-J): $0 (no change) Incurred Losses As noted above, incurred losses for each policy year are the sum of the paid losses and case basis reserves for each evaluation year. The spreadsheet automatically calculates the sum of these values, so no entry is required in these cells.
For each policy year, report the case reserves held as of December 31 each evaluation year. Continuing with the example from above, assume the year-ending case basis reserves held for the 2007 policy year were: 2007 - $40,000 2009 - $30,000 2013 - $10,000 2014 - $0 In this example, the development triangle should be completed as follows: Line 5, column (A): $40,000 Line 5, column (B): $40,000 (no change) Line 5, column (C): $30,000 (reduced based on payments made in year) Line 5, column (D-F): $30,000 (no change) Line 5, column (G): $10,000 (reduced based on payments made in year) Line 5, column (H): $0 (reduced based on expectation that all claims closed) Line 5, column (I-J): $0 (no change) Incurred Losses As noted above, incurred losses for each policy year are the sum of the paid losses and case basis reserves for each evaluation year. The spreadsheet automatically calculates the sum of these values, so no entry is required in these cells.
b004317inst.docx