Note on Actuarial Management in Inflationary Conditions

This note is an attempt to put the problems referring to the reserves for outstanding claims into a simple understandable form in order to facilitate the discussion of the difficult questions. In that purpose I have taken up some of Harold Bohman's ideas of the subject *). I find it convenient to start with the simplest case where the liability consists of index-regulated payments at fixed epochs. My presentation is restricted to reserves of incurred and reported claims.