Explain the Bornhuetter-Ferguson method.

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Anonimo · Accepted Answer

Be able to articulate that this is a weighting between development of historical losses (chain-ladder) and an expected loss ratio.

priyanka · Answer

In BF method we consider basic chain ladder merthod i e past patterns as wellas  loss ratio i.e clain per unit of premium related to current data. So it provide a good combination .

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