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 Expiration Date 1231 2019-2025

Va 21p 4706b 2019-2025 Form

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hi everyone this is don grimm in this video i'll describe the differences between accident year and calendar year we'll use a loss triangle like this one to calculate various accident year and calendar year metrics let's get started accident year and calendar year are the two most common ways of organizing loss data an accident year is any 12-month period in which accidents occur keeping within the context of losses a calendar year reflects amounts that are paid or incurred during a 12-month calendar period the calendar year concept can be generalized to include premiums and many other insurance metrics however in this video we're going to focus on the definition as it relates to paid and incurred loss these concepts are best understood by example we're going to use this cumulative paid loss triangle to illustrate each term we're going to begin with a quick refresher course on loss triangles the triangle format is simply a useful way to o

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