Gross vs. Net Retained Reserves: Considerations for Year End 2015 Actuarial Reports
By Michelle Bradley, ACAS, MAAA, ARM, CERA, CCIS, Consulting Actuary on October 29, 2015
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 property. Most companies use an actuarial report to determine the net retained liabilities for these risks. However, many auditors and […]
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