excel workshop i: introduction to excel › ... › 2018 › 2018_excel_workshop_i.pdfexcel workshop...
TRANSCRIPT
Here, the black arrow does not indicate a relative shift, but an absolute shift to row 3.
Here, the black/gray arrows do not indicate relative shifts, but absolute shifts to column D.
LRLA =∑ClaimsLA
∑PremiumLA=
∑ClaimsLABaseRate ⋅ ∑FactorLA
FactorLA Factor
Let LRT be the target loss ratio. Then, multiplying our previous equation by LRT
LRLA,
LRLA ⋅LRT
LRLA=
∑ClaimsLABaseRate ⋅ ∑FactorLA
⋅LRT
LRLA
LRT =∑ClaimsLA
BaseRate ⋅LRLALRT
⋅ ∑FactorLA
LRLA
LRT
LRLA =∑ClaimsLA
BaseRate ⋅ ∑FactorLA
LRT =∑ClaimsLA
BaseRate ⋅LRLALRT
⋅ ∑FactorLA
=∑ClaimsLA
BaseRate ⋅ ∑LRLALRT
⋅ FactorLA
LRLA
LRT
LRLA =∑ClaimsLA
BaseRate ⋅ ∑FactorLA
LRT =∑ClaimsLA
BaseRate ⋅ ∑LRLALRT
⋅ FactorLA