Financial Innovation

Table 2 Observed cumulative paid losses \(P_{i,j}\) of the direct compensation policy

From: Claim reserving for insurance contracts in line with the International Financial Reporting Standards 17: a new paid-incurred chain approach to risk adjustments

i/j	0	1	2	3	4	5	6	7	8	9	10	11	12	13	14
0	692,949	794,428	795,366	795,673	795,450	795,291	795,325	795,325	795,327	795,335	795,335	795,325	795,319	795,316	795,315
1	705,184	788,174	788,985	788,909	788,727	788,715	788,700	788,644	788,623	788,600	788,595	788,589	788,590	788,594
2	629,717	716,218	717,234	717,441	717,509	717,365	717,364	717,395	717,405	717,393	717,409	717,414	717,443
3	635,443	737,464	738,481	738,680	738,701	738,717	738,739	738,666	738,633	738,619	738,610	738,597
4	648,763	746,016	747,255	747,600	747,623	747,612	747,680	747,698	747,549	747,517	747,500
5	714,059	823,975	824,794	825,212	825,414	825,546	825,598	825,534	825,514	825,478
6	730,445	844,187	844,919	845,025	845,195	845,260	845,335	845,297	845,317
7	737,606	828,485	829,194	829,534	829,611	829,582	829,572	829,575
8	750,706	851,910	853,223	853,889	854,617	855,360	855,596
9	744,728	840,673	842,009	842,277	842,533	842,744
10	732,941	828,669	830,091	830,483	830,665
11	809,628	935,438	937,147	937,707
12	906,494	1,018,953	1,020,227
13	1,015,713	1,136,265
14	1,115,076

All amounts are in thousands in Canadian dollars

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