Specific Software Solutions · SIGMA Actuarial Consulting Group

The purpose of the Excess of Limit Data Input screen is to limit specific claims that are in excess of the loss limit.  You should enter the full incurred amount of each large loss, not just the excess. Note that there may not be a large paid loss for every large incurred loss, so it is fine to leave the paid loss field blank.

Last update: 04:21 PM Monday, October 3, 2005

• What do I enter for the loss limit on the Analysis Setup Data page?
• What value do I enter for the incurred large loss on the excess of limit data input screen?
• How can I view or change the factors used for the present value (payout schedule) calculations?
• Have the adjusted loss amounts on the pure loss rate report been adjusted to reflect today's dollars, not what was actually paid?
• How does LF develop losses for a period which is closed (fully paid)?
• On the Excess of Limit Data Input screen, I receive the message “Your limited incurred losses can not be less than your limited paid losses. Please verify your large losses.” Why am I getting this message?
• If I have a client’s loss development history, can I use that data in Loss Forecaster?
• How should I weight the workers compensation inflation trend factors?
• What is the difference between the two methods of loss development?