Standard Link Ratio Techniques and much more |
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The standard techniques: link ratios (chain ladder), payments per claim incurred, projected case estimates, Fisher-Lange, Bornhuetter-Ferguson and Expected Loss Ratios. In these modelling frameworks you can: * Select from numerous link ratio calculation methods with a click of the mouse Volume-weighted average, arithmetic average and many more can be selected, with different methods used in different development periods if you choose. The number of calendar periods included in the average can also be set. |
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* Compare the different calculation methods graphically See instantly which methods are out of line with the rest. Alter your choice by simply clicking on the graph. * Allow for future inflation and discounting in forecasts Constant or varying inflation and discount factors can be set for all future calendar periods. * See Bornhuetter-Ferguson results instantly When you forecast with link ratios, the Expected Loss Ratio and Bornhuetter-Gerguson forecasts are also calculated. |
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* Keep a permanent record in your database Once you have made your selections, your choice of ratios can be saved as a model in the database. The colours of the selections indicate what method was used, so next year you will be able to see how the previous year's ratios were calculated. |