Bornhuetter-Ferguson Technique

Bornhuetter-Ferguson Technique,

Definition of Bornhuetter-Ferguson Technique:

You can define Bornhuetter-Ferguson Technique as, A practical way to estimate the final value of a loss. The projected amount of undeveloped damage (derived from the Fidelity Factor Remediation Factor) is added to the actual reported loss to provide a final estimate of the loss for the given year of the incident. Is. This technique is especially useful when claims reported during one year of the incident are a weak indication of future claims but are not reported within a year of its occurrence (as is often the case when The frequency of claims is low, very high. Potential gravity

A simple definition of Bornhuetter-Ferguson Technique is: Practical way of estimating damage

Literal Meanings of Bornhuetter-Ferguson Technique

Technique:

Meanings of Technique:
  1. The type of work to be done, especially the execution of works of art or science.

  2. Skills or expertise in a particular field.

  3. A skillful or efficient way to do or achieve something.

Sentences of Technique
  1. Turner, Rembrandt and Degas techniques

  2. As part of the investigation, state-of-the-art scientific and forensic techniques are applied to the case evidence.

  3. The simple answer is that there is always a new scientific technique that can always reveal more.

  4. He also said that an unknown Mediterranean nation has promised to use this technique.

  5. It has become a scientific technique to monitor a child's development.

  6. It may not be possible for all surgeons to use both techniques because there will be some kind of balance.

  7. We haven't got a license yet, we had to go through a new technique.

  8. With modern surgical techniques, organs that were once amputated can often be saved.

  9. There are two surgical techniques that can be used successfully for osteoarthritis.

Synonyms of Technique

craftsmanship, artistry, plan of action, system, process, capability, mastery, MO, approach, course of action, ability, art, skilfulness, plan of attack, expertness, manner, genius, proficiency, operating procedure, method of working, fashion, style, craft

Bornhuetter-Ferguson Technique,

Definition of Bornhuetter-Ferguson Technique:

  1. You can define Bornhuetter-Ferguson Technique as, Actuarial method for estimating the final cost of loss. The estimated amount of undisclosed loss (derived from the Reprocal of Damage Trend Factor (FDL)) is included in the actual reported loss in order to obtain a final estimate of the annual loss of a given event. This method is most useful when the actual loss reported during the year of the incident is an indication of the loss for the year of the same event but not reported (IBNR), as is often the case when the damage is low frequency. Occurs but with great intensity. .

  2. Actual calculation of foundry loss using loss growth and loss level.

Literal Meanings of Bornhuetter-Ferguson Technique

Technique:

Meanings of Technique:
  1. How to perform a given task, especially to perform or ■■■■■■■ a work of art or scientific process.

Sentences of Technique
  1. He also said that an anonymous Mediterranean country has promised to implement the technique.

  2. It has become a scientific technique for monitoring a child's development.

  3. Using both techniques may not be so bad for all surgeons as there will be some balance.

  4. We haven't got the license yet, we had to go through the procedure for a new technique.

  5. With modern surgical techniques, organs that were once destroyed for amputation can often be saved.

  6. Scientists say the technique could be used to separate minerals.

  7. Catherine's work, on the other hand, uses traditional whale sculpting techniques.

  8. It is strange that construction techniques in the tropics may seem foreign.

  9. As mentioned above, storytelling techniques are traditional until obsolete.

  10. Construction techniques range from small huts to small village chapels.

  11. Even when printing technology changed, images were based on these plates.

Synonyms of Technique

expertise, way, talent, mode