Session Information
CAS Casualty Loss Reserve Seminar (CLRS) 2009
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An easy way to get a range around a reserve using historical reserve estimate changes
Track
:
CLRS Concurrent Sessions
Program Code:
VR-1
MODERATOR
:
Jessica Leong, Lead Casualty Specialty Actuary, Guy Carpenter & Co., LLC
PANELIST
:
Zia Rehman, Director of Actuarial Analysis, Ohio Bureau of Workers Compensation
Description
Can we build a range around an actuary’s loss estimate using historical ultimate loss selections? Using this data we can analyze selection biases, direct and net reserve ranges and loss portfolio transfer values. The entire calculation can be done on an excel spreadsheet using reserve review data segments. We illustrate everything with real world data.
Handout Online
