ASOP 43: Unpaid Claim Estimates Flashcards
1
Q
Unpaid Claim Estimate Analysis: Methods
A
Purpose, Nature of claims, characteristics of data
2
Q
Scope of Unpaid Claim Estimate
A
Intended measure, discounting, gross/net of recoverable, extent of reinsurance collectability risk
3
Q
Unpaid Claim Estimate condsiderations
A
Reasonableness, multiple components, presentation
4
Q
ASOP 43 Disclosures
A
Intended purpose of estimate Significant limitations Scope Accounting, Valuation, and Review Date Significant risks/uncertainties Significant events
