Actuarial

Reserving: Estimation of Unpaid Claims (Friedland, CAS)

Here I've compiled outlined notes of the CAS Exam 5 text on Reserving by Friedland. It is my hope that these notes be of some use to other CAS candidates or curious students in gaining more insight and understanding across a spectrum of topics within insurance, from the claims process to various basic techniques for estimating unpaid claims. The contents (whose formatting will be fixed) are as follows. Additionally, my . . .

• Daniel Suryakusuma
"A company must finance its assets with capital. There are two primary sources of capital: debt and equity. That's how you end up with the fundamental accounting equation: $A=L+E$. "$L$" stands for liabilities, which is just another name for debt. The capital providers collectively own all the assets. The debt holders and equity holders own the assets. They provided the funds to buy the assets. When the company . . .