- TIA EXAM 5 - FRIEDLAND CH 02

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Author:
CDP
ID:
66024
Filename:
- TIA EXAM 5 - FRIEDLAND CH 02
Updated:
2011-02-13 11:52:33
Tags:
TIA EXAM
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Description:
FRIEDLAND CH 02
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  1. Name the different types of Claims professionals
    • Employee of insr (large insr)
    • Third-Party clms administrators (TPA) (small to mid-sized, handle specific book of clms)
    • Independent adjuster (IA) (individual clm or grp, specific type of clm, region, disaster)
  2. Approaches to establish CO
    • Best estimate of ultimate value
    • Set at policy limit
    • Seek advice of legal council on probabilities (set at mode or mean)
  3. CY vs AY Incurred Losses
    • CY Inc L = Pd + Ending - Beginning
    • AY Inc L = Pd + End

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