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Loss development factors 0 Are generally only completed for two to three years following the claim year. Q Take into consideration the impact of inflations
Loss development factors 0 Are generally only completed for two to three years following the claim year. Q Take into consideration the impact of inflations on previous claims. Are equal to 1.00 or less since insurers are required to carry reserves adequate to pay all of their outstanding losses. 0 Can only be positive numbers since insurers generally under-reserve
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