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Month | Dev Factor |
Current Month -12 | 1.001 |
Current Month -11 | 1.001 |
Current Month -10 | 1.002 |
Current Month -9 | 1.003 |
Current Month -8 | 1.004 |
Current Month -7 | 1.005 |
Current Month -6 | 1.007 |
Current Month -5 | 1.009 |
Current Month -4 | 1.014 |
Current Month -3 | 1.021 |
Current Month -2 | 1.033 |
Current Month -1 | 1.065 |
Current Month | 0 |
Accident Month | Claim Count |
Dec-22 | 316 |
Jan-23 | 354 |
Feb-23 | 477 |
Mar-23 | 442 |
Apr-23 | 339 |
May-23 | 420 |
Jun-23 | 344 |
Jul-23 | 320 |
Aug-23 | 316 |
Sep-23 | 301 |
Oct-23 | 377 |
Nov-23 | 419 |
Dec-23 | 0 |
based on the above tables, i need to calculate ultimate numb of claims = claim count * dev factor, if current month = Dec 2023 then 0 * 0 which should return 0, similarly for Nov 2023 419 * 1.065 and goes on.
Solved! Go to Solution.
Thank you, Much appriciated
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