Update on the Aging Phenomenon Steve D’Arcy Sholom Feldblum Alma Cohen. CAS Fall Meeting November 12, 2002 Boston, Massachusetts. Definition.
Update on the Aging PhenomenonSteve D’ArcySholom FeldblumAlma Cohen
CAS Fall Meeting
November 12, 2002
A cohort of property-liability insurance policies, all written as new business at the same time, experiences a gradually improving loss ratio as the policies undergo successive renewal cycles with an insurer.
This contrasts with the select-ultimate experience pattern of life insurance.