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Some liability lines (e.g. product liability) are notoriously long-tailed. If a risk manager wants an estimate of the ultimate claims for a period, there are
Some liability lines (e.g. product liability) are notoriously long-tailed. If a risk manager wants an estimate of the ultimate claims for a period, there are multipliers that may be applied to claims-to-date to estimate the ultimate claims. What are these multipliers called?
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