by Lori Ussery | Jul 29, 2020 | Analytical Issues
The projection of losses involves estimating the expected or average value of future loss costs. This estimate is based on historical loss experience, adjusted to the current cost level considering both internal influences (such as development, changes in claims...
by Lori Ussery | Feb 20, 2020 | Analytical Issues
A recent article written by SIGMA’s Michelle Bradley and Lori Ussery and published in Captive International discussed the importance of using analytics to leverage a company’s position with insurers and create new strategies for dealing with a hardening...
by Lori Ussery | Mar 6, 2018 | Loss Development and Trend, Training Resources
Early last year, I visited the USS Midway Museum in San Diego. The museum offers tours of the decommissioned aircraft carrier, led by docents, many of whom served on the USS Midway or another vessel. As I toured the bridge and entered the chart room, the docent...
by Lori Ussery | May 1, 2014 | Loss Control, Loss Development and Trend
Loss simulations and confidence level analyses are important tools when budgeting for projected losses in the upcoming year. The projected loss pick determined by an actuary provides the expected or average value of losses, but it is also important to understand the...
