Hey guys, i hope you are well. I need your help. I work as an actuary at an insurance company at Greece so the general legislation is Solvency II. However i think that for my question it doesn't make any difference.
I need to calculate the cashflows of the best estimate of premium provisions. My problem has to do with the payment pattern that i should use. As of now i used the payment pattern of the claims provisions (basically it is the payment pattern of the chain ladder on payments' triangle). However, i would like to use another pattern because this one is very aggressive at the early quarters. Any suggestions?
Thank you very much in advance. I hope it is clear to you what i need.
I need to calculate the cashflows of the best estimate of premium provisions. My problem has to do with the payment pattern that i should use. As of now i used the payment pattern of the claims provisions (basically it is the payment pattern of the chain ladder on payments' triangle). However, i would like to use another pattern because this one is very aggressive at the early quarters. Any suggestions?
Thank you very much in advance. I hope it is clear to you what i need.
BE Premium Provision Cashflows