A Note on Basic Limits Trend Factors [Discussion]

Abstract
Mr. Finger’s paper makes the excellent point that the frequently noted fact that excess losses tend to rise faster than overall loss costs has a converse, namely, that basic limits costs tend to rise more slowly than overall loss costs. He then proceeds to give a method for modeling these changes and gives examples using the lognormal distribution.
Volume
LXVIII
Page
98-100
Year
1981
Categories
Actuarial Applications and Methodologies
Ratemaking
Increased Limits
Actuarial Applications and Methodologies
Ratemaking
Trend and Loss Development
Publications
Proceedings of the Casualty Actuarial Society
Authors
John P Robertson