Knowing the Risks of Using Internal Calculations
By Michelle Bradley, ACAS, MAAA, ARM, CERA, CCIS, Consulting Actuary on August 27, 2018
Many companies don’t believe that their retained liabilities are big enough or complex enough to warrant hiring an actuary. Therefore, internal calculations are often completed using spreadsheets or various software tools. In some situations, these calculations may give a reasonable range of retained liabilities. However, the magnitude of the losses, the number of years involved, […]
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