US Claim Cost Indexes, Payout Profiles, LDFs, and Sample Models Updated in Risk Financing
This release of Risk Financing features updates to
the risk quantification factors in Appendix F, updates to the discussions on
risk quantification including the sample models in "Risk
Quantification Data Requirements" and "Basic Loss Forecasting
Methods," and updates to the US Claims Cost
Indexes.
Revisions to the risk quantification factors in Appendix F include updates
to the workers
compensation loss development factors (LDFs) and benefit
level adjustments, general
liability and automobile liability LDFs, payout
profiles, US
Claims Cost Indexes, and the consumer price index. All
of these factors are useful in the analysis and projection of losses.