Session Information
CAS Casualty Loss Reserve Seminar (CLRS) 2009
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Basic Track I -Considerations in Evaluating Reserves
Track
:
CLRS Concurrent Sessions
Program Code:
BAS-1
PANELIST
(S):
Kurt Johnson, Managing Director, Guy Carpenter & Co., LLC
Derek Jones, Consulting Actuary, Milliman, Inc.
Kyle Falconbury, Actuary, The Travelers Companies, Inc.
Description
Basic understanding begins with the “CAS Statement of Principles Regarding Loss and Loss Adjustment Expense Reserves,” including the definitions and considerations that guide the actuary. Following the discussion for the “Statement of Principles,” participants will walk through, step-by-step, the most basic of reserving techniques – the loss development method. The presentation will include examples of data organization, link ratios, key assumptions, and potential problems.
Handout Online
