Session Information
CAS Casualty Loss Reserve Seminar (CLRS) 2009
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Basic Track II - Comparison of Techniques
Track : CLRS Concurrent Sessions
Program Code: BAS-2
PANELIST (S):
Nancy Arico, Senior Manager, KPMG LLP
Bonnie Shek, Actuary, Milliman, Inc.
George Levine, Senior Manager, KPMG LLP
Vincent Yezzi, Principal & Consulting Actuary, Towers Perrin
Description
Building on Basic Track session I, this session will present basic questions surrounding a reserve estimate: “Is it reasonable?” and “How sensitive is the estimate to alternative assumptions?” Participants will then walk through basic expected loss ratio methods, comparing them with the loss development method. Advantages and disadvantages of methods will be presented. The session will conclude by describing the Annual Statement Schedule P, with terminology and data available from that schedule.


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