Financial Innovation

Table 3 Observed cumulative incurred losses \(I_{i,j}\) 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	776,604	796,415	795,952	796,010	795,683	795,403	795,354	795,335	795,329	795,345	795,336	795,326	795,319	795,317	795,315
1	773,355	789,595	789,607	789,190	788,844	788,748	788,705	788,643	788,632	788,604	788,595	788,589	788,590	788,595
2	694,786	717,558	717,870	717,782	717,743	717,447	717,400	717,414	717,426	717,423	717,461	717,453	717,477
3	713,511	739,116	738,935	739,066	738,859	738,771	738,752	738,681	738,640	738,624	738,624	738,604
4	726,157	747,671	747,826	747,932	747,708	747,664	747,720	747,734	747,611	747,525	747,505
5	803,197	825,730	825,219	825,354	825,521	825,576	825,622	825,560	825,534	825,483
6	826,417	845,851	845,175	845,110	845,231	845,284	845,550	845,314	845,325
7	814,619	830,014	829,914	829,874	829,767	829,612	829,618	829,576
8	839,414	854,251	853,940	854,446	855,471	855,511	855,711
9	832,095	843,503	843,546	842,780	842,812	842,806
10	815,291	829,783	830,491	830,671	830,992
11	910,050	936,588	938,174	938,544
12	997,446	1,019,789	1,020,726
13	1,118,343	1,137,113
14	1,248,973

All amounts are in thousands in Canadian dollars

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