Kenyactuary

Most of the Actuarial analyst they don't feature in the inflation aspect while using this method, I get the reason, reserve overestimation!!! Most probably yeah. Kenyactuary  modified the calculation of the development factors such that instead of using weighted average a method which incorporates inflation aspect is used in the code part.  INTRODUCTION Risk is a complex issue that cannot be merely estimated without having to think about loss critically as a  random variable whereby in case of a loss then it can be ‘catastrophic’. The only solution one would opt for is to transfer the same risk to another entity. The role of transferring risk is played by insurance companies through an individual buying an insurance policy whereby the individual will pay periodic payments called premiums, upon loss the insured (individual) will be indemnified by the insurer (insurance company). An insurance policy is a contract, usually written, between an insurer and the insured which la...