IAI SP7 Practice Questions - IAI SP7 General Insurance Reserving And Capital Modelling Exam

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Which reserving method is generally MOST appropriate for the most recent (least developed) accident year of a long-tailed liability class?

Basic chain ladder on paid claims Average cost per claim with no tail Pure IBNER run-off only Bornhuetter-Ferguson or expected loss ratio

Correct Answer:

Bornhuetter-Ferguson or expected loss ratio

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