Method Summary

This table explains the columns in the Method Summary.

Field	Description
Accident (Month, Quarter, Half-Year, Year)	This is the same vertical column that is used in various Triangles. Here the number of years will also be the same as that being used in these Triangles.
BF Ultimate	This column represents the total estimated cost of all claims for a given period (AY, UY or RY), including both reported and future claims yet to emerge using the Bornhuetter Ferguson (BF) Method.
Earned Premium	This column represents the portion of an insurance premium that the company has actually 'earned' by providing coverage over time.
Incurred Claim Amount	Incurred claim amounts represent the total cost of all claims till date arising from insured events during a given period.
BF	It represents the reserves using the BF method. This reserve is partly based on actual claims seen so far, and partly on what an insurance company is expected before claims started coming in.
Previous Execution1	The reserve amount for the given period on last valuation date.
Previous Execution2	The reserve amount for the given period on second last valuation date.
BF ULR	Ultimate loss ratio using the BF ultimate claim amounts for a given period.
ICR	Incurred loss ratio using the incurred claims till date for a given period.