Loss Reserve Analysis

Submitted by Administrator on Thu, 03/17/2011 - 4:03pm

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What you will learn:

Participants will develop an understanding of the techniques used in estimating ultimate loss costs and in evaluating reserve adequacy. In addition, a casualty actuary will discuss methods used in determining and evaluating reserves from an actuarial perspective. Examples and case studies will be used.

Seminar content:

  • Analysis of Annual Statement information
    • Overall and line of business ratios
    • Using Schedule P - Parts 1 through 5
  • Basic actuarial concepts and industry trends
  • Development models
    • Paid
    • Reported
    • Bornhuetter-Ferguson
  • Actuarial considerations
    • Growth and changes in business mix
    • Changes in reinsurance
    • Closure rates and changes in case reserving
    • Business planning and data sources

Who Should Attend:

Anyone desiring a better understanding of loss reserving methodologies and Schedule P analysis.

Prerequisites:

To fully benefit from this seminar, participants need to have an understanding of the loss concepts covered in the Schedule P Preparation seminar conveniently scheduled to preceded this seminar. These concepts also are covered in the Annual Statement Preparation Workshop and the Accounting and Financial Reporting seminar. No advance preparation is required for this intermediate level seminar.

Class Times:

Class begins at 8:30 a.m. and ends at 5:00 p.m. on the first day and at 12:15 p.m. on the second day.

Estimated CPE Credit: 12.0 hours

Tuition: $1395

Note(s):

The combined tuition if both the Schedule P Preparation and Loss Reserve Analysis seminars are taken together is $2,290, a $500 savings.

Upcoming seminar dates and locations:

There are no upcoming dates for this seminar.
Look for our 2012 schedule in February/March.

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