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ASOP 23 - DATA
QBS #12 (Data includes (1) numerical
2) census
3)…
ASOP 23 - DATA
QBS #12
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Actuary judgement for:
1) acceptable
2) adjustment/assumptions - disclose
3) required enhencement
4) decline if data is not adequate
Data review
1) look for reasonableness
2) look for consistency (internally and with prior)
3) take into account prior review
4) if review not performed:
a)review not performed
b) why
c) resulting limitations
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Disclosure
1) Source
2) limitations
3) extent of review - limitation resulting from no review
4) Questionable data - unresolved data quest. /steps to improve
5) Adjustment/modif - potention bias/ increase in incertainty in results
6) Relience on others
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