Claims reserving
The estimation of reserves for future claim payments is a mainstay of actuarial activity in the general insurance sector.
JBA staff have experience at a senior level within insurance and reinsurance companies, as consultants to Lloyd’s syndicates and insurance companies in an insurance regulatory capacity. We have detailed experience of the reserving process from various perspectives.
Our industry experience coupled with the new techniques and technologies available today (whose emphasis is increasingly on statistical variability inherent in reserve estimates), means that we understand the need of our clients for a clean, efficient production-line process in delivering reserving information as well as delivering the sophisticated statistical results required for capital evaluation and related drivers.
We have acted for various clients, implementing spreadsheet-based solutions for reserving which fit a quarterly production line model. We have also provided ad-hoc advise on a variety of reserving problems from the relatively simple triangulation problem to complex mass torts and other loss phenomena involving complex relationships with reinsurers and other counterparties.
In all reserving engagements a fundamental ethos is efficiency of delivery. We pride ourselves on minimizing useless outputs, keeping the ink on the page to a minimum whilst making the reserve study deliver the maximum value for as many additional applications as possible.
Related links and articles:
- Link to ultimate risk solutions
- Articles on “Nuclear reserving”
- Other articles and reference materials
London: