Tag: Case reserves

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Loss Map

This blog introduces a graphic that shows the pieces that make up “Ultimate Losses.”  The ultimate losses of a policy period will typically not be known for many years.  Actuaries are hired to estimate ultimate losses to help a company use appropriate reserve amounts for planning and financial statement purposes. Here are some definitions for […]

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Reserve Analysis and the ABC’s of IBNR

In the SIGMA Tech Talk titled “Understanding Loss Development Factors,” we introduced IBNR losses as those losses which occur during a loss period but are not reported until alater date. The definition of IBNR also typically includes development of known claims. In this article, we look further at the significance and calculation of IBNR losses. […]

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