Method for calculating IBNP health reserves with low variance

摘要: The present invention is a method and system for estimating liability reserve amounts incurred but not yet paid (EBNP) insurance claims by means of projecting (either gross or per exposure) lag time based on adjusted average monthly in historical data. Two versions this are disclosed, one which assumes that future claim independent already paid, the other correlated with cumulative through valuation date. Both have been shown to give significantly more accurate results than traditional Completion Factor Incurred Methods when applied sets real