The Flaw of Averages

2017-09-28T08:41:53-04:00By |Articles|

Pitfalls of Averages in Risk Management and Claims Applications We all know the big three: counts, total incurred and average.  The first two come directly from your claim data and the average is simply computed by dividing the total incurred by the claim count.  They are valuable statistics and provide useful insights—especially when you compare [...]

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