- TIA EXAM 5 - FRIEDLAND CH 02

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)
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)
CY vs AY Incurred Losses
- CY Inc L = Pd + Ending - Beginning
- AY Inc L = Pd + End

Author

CDP

66024

Card Set

- TIA EXAM 5 - FRIEDLAND CH 02

Description

FRIEDLAND CH 02

Updated

2011-02-13T16:52:33Z

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