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

Financial Innovation

Table 9 p-values for the KS, SW, and JB normality tests

	Accident year	Bodily injury			Direct compensation			Accident benefit
	Accident year	KS test	SW test	JB test	KS test	SW test	JB test	KS test	SW test	JB test
Paid losses	1	0.8755	0.7936	0.8159	0.9254	0.2046	0.2168	0.6524	0.1361	0.1009
	2	0.8690	0.1676	0.2434	0.9635	0.5255	0.3698	0.9396	0.5738	0.6194
	3	0.5852	0.0752	0.1638	0.9134	0.6656	0.8491	0.6938	0.0838	0.1876
Inccured claims	1	0.4744	0.0843	0.1812	0.9586	0.8078	0.5168	0.9201	0.3820	0.5754
	2	0.8643	0.0942	0.0843	0.8949	0.4323	0.1793	0.8746	0.5480	0.5193
	3	0.9512	0.4857	0.3700	0.6103	0.1375	0.0896	0.9318	0.8460	0.8371