Hi,
I have just started to use ICR method on IBNRs program. Is there anyone who used this program recently? The point is I want to use this method in order to compute IBNR results of our MOD branch. However, since there are salvage and recovery issues in that branch, when I use chain ladder method I can compute negative IBNR results but in the new method it results with positive figures.
What do you think and suggest about this situaton?
I have just started to use ICR method on IBNRs program. Is there anyone who used this program recently? The point is I want to use this method in order to compute IBNR results of our MOD branch. However, since there are salvage and recovery issues in that branch, when I use chain ladder method I can compute negative IBNR results but in the new method it results with positive figures.
What do you think and suggest about this situaton?
Thoughts on Individual Claims Reserving Technique