IBNR Reserves Calculator

	A	B	C	D	E	F	G	H	I
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3	Input Variables
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5	Employee Count	10000
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7	Claim Type	Prescription
8				1 Month	2 Month	3 Month	4 Month	5 Month	6 Month
9			Month	Jun-20	May-20	Apr-20	Mar-20	Feb-20	Jan-20
10			Reported Claims	$ 20,000.00	$ 50,346.00	$ 61,567.00	$ 79,845.00	$ 82,345.00	$ 92,953.00
11			Completion Factor	2.222222222	1.282051282	1.086956522	1.030927835	1.01010101	1.000870758
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13			Expected Claim Amount	$ 44,444.44	$ 64,546.15	$ 66,920.65	$ 82,314.43	$ 83,176.77	$ 93,033.94
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15	Calculated Values:
16	Total Reported Claims	$ 387,056.00
17	Ultimate Expected Claims	$ 434,436.39
18	IBNR Reserve	$ 47,380.39
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20	Note to user: Please input values into the gray cells only for the calculator to work
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