Everything an insurer needs to estimate outstanding claims with confidence — from the very first triangle to a stochastic view of uncertainty — explained so a non-actuary can follow and a regulator can trust.
A concise, plain-language guide: why reserving exists, the triangle, the four methods, uncertainty, the AI layer and a regulatory-scrutiny section. Quick Start page for non-specialists.
Paid and incurred triangles with tail factors, four methods side by side, the paid-vs-incurred diagnostic, the case/IBNR split, a Mack uncertainty band and an AI reasonableness check — every formula visible.
Expected answers, the diagnostic readings to look for, a six-part marking rubric and a 90-minute lesson plan — plus an auto-grading tab that marks a student's answer automatically.
Reserving and Pricing Made Simple together form a coherent onboarding programme for underwriters and junior actuaries. Take both as a bundle.
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