The estimation of incurred health and disability claims is fundamental to the practice of health actuaries. It is necessary for the completion of financial statements, for the analysis and projection of trends, for the analysis or development of rates, and for the development of various management reports, regardless of the type of risk-bearing entity.
Congratulations! You're now Froogled Up™ on Section 3.1 from ASOP 5!
Feel free to use it throughout your financial/insurance life.