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Chain Ladder Method – CLM Definition
The Chain Ladder Method (CLM) calculates the claims reserve requirement in an insurance company’s financial statement. This actuarial method is one of the most popular reserve methods.
The 7 Best Contract Management Software for 2020
Simplify your process for document signing and storage. We reviewed the best contract management software for price, ease of use, capabilities, and more.
Expected Loss Ratio – ELR Method Definition
Expected loss ratio (ELR) method is a technique used to determine the projected amount of claims, relative to earned premiums. The expected loss ratio method is used when an insurer lacks the appropriate past claims occurrence data.