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Loss Forecaster WebHelp:
Excess of Limit Data Input

WebHelp Table of Contents

 Tutorial 

On the Excess of Limit Data Input page, you will enter each large loss (claim) that EXCEEDED the loss limit for each period.

The purpose of this page is to calculate the limited incurred losses and/or the limited paid losses, depending on what method you are using. These limited values are used to calculate the ultimate incurred and/or paid losses on the Loss Development Factors page.

The limited incurred losses are calculated by Loss Forecaster as the  (Incurred Losses) - (Incurred Excess Losses) + (Number of Losses) * (Loss Limit).

The limited paid losses are calculated by Loss Forecaster as the
(Reported Paid Losses) - (Excess Paid Losses) + (Number of Excess Losses) * (Loss Limit).

Learn more in the Excess of Limit Data Input video

 Videos 

Excess of Limit Data Input

 FAQs 

How do I enter data on the Excess of Limit Data Input screen?

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