Casualty Actuarial Society

C-23
Reserving Documentation: Does Yours Make the Cut?

Wednesday, May 23, 2012: 8:00 a.m.
Desert Willow (Arizona Grand Resort)
The purpose of this session is to review a sample actuarial report produced to support a fictional company's internal loss reserve analysis of their general liability book of business, and to discuss how that report holds up relative to the actuarial standards of practice governing reserving work products. The session would involve the participants breaking out into smaller groups, reading through the report, and discussing the report's shortcomings in relation to ASOP 43, ASOP 41, and overall application of actuarial judgment. Once the smaller group discussions are complete, the entire session would come back together to discuss each smaller groups findings, in hopes of generating conversation about and consensus around best practices.
Panelists:
John Wade, Senior Consultant, Pinnacle Actuarial Resources, Inc.
Joseph A. Herbers, Managing Principal, Pinnacle Actuarial Resources, Inc.
Handouts
  • asop041_120.pdf (86.4 kB)
  • asop043_159.pdf (96.6 kB)
  • Sample Reserve Report CAS 2012 Spring MTG.pdf (46.9 kB)
  • Sample Reserving Report Presentation.pdf (274.2 kB)
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