by Timothy L. Coomer, Ph.D. | May 19, 2016 | Loss Development and Trend
Trending to the Future In a prior blog article, we discussed loss development factors and IBNR analysis. The IBNR analysis includes the estimation of ultimate incurred losses for past years, but what about future years? If we also have an estimate of exposures, then...
by Michelle Bradley, ACAS, MAAA, ARM, CERA | Mar 10, 2016 | Loss Control, Loss Development and Trend
Cyber risk is likely the most significant property casualty risk to emerge in recent times. Premiums for cyber risk are growing significantly, and daily headlines bring attention to yet another major data breach affecting an entity. Most of us with credit cards have...
by Michelle Bradley, ACAS, MAAA, ARM, CERA | Oct 29, 2015 | Benchmarking, Loss Development and Trend
Many companies have a liability associated with retained losses through self-insured retentions or large deductible programs for a wide array of risks. These can include workers compensation, automobile liability, general liability, medical professional liability, and...
by Timothy L. Coomer, Ph.D. | Jul 21, 2014 | Loss Development and Trend
I have found that interviews can often produce interesting results and insights. So, this month, I decided to sit down with Tony King, one of our actuarial analysts, and discuss the popular topic of loss development factors. The conversation has been edited for...
by Timothy L. Coomer, Ph.D. | Jun 18, 2014 | Benchmarking, Loss Development and Trend
A few months ago, we conducted a survey concerning the utilization of analytics in the retention decision process. As I continue through the PhD program at Oklahoma State University (see http://phdexec.okstate.edu/ if you might be interested in this educational...
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...
