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April 2013 - Q5 Run off triangles

A

actuary-to-be

Member
How can we tell whether the claim figures in this question are claims paid or incurred?

It usually makes a difference when we come to calculating a reserve at the end, but there is no clue of what these claims are in this question.

Anyone able to help?

Thank you
 
Assume they are claims paid unless they say otherwise. If you're worried you can always write a note to the examiner saying "Assuming these are claims paid".
 
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