- TIA EXAM 5 - FRIEDLAND CH 14

amount insurer is able to collect from sale of damaged property acquired when paying insured for total loss

insurer's right to recover the amount of claim payment to a covered insured from third-party responsible for injury or damage

Development fctors tend not to be as highly leveraged

• Gross
• ceded or
• net of insurance claims experience

• Actuary must fully understand how coverage operates
• Must understand how insurer treats prior recoveries from aggregate coverage in source data
• Must decide if handle within claim development triangles format later analysis
• * Typically will use data before stop-loss or agg and make adjustment in final step