by Timothy L. Coomer, Ph.D. | Oct 25, 2012 | Loss Control, Training Resources
This blog introduces a graphic that shows the pieces that make up “Ultimate Losses.” The ultimate losses of a policy period will typically not be known for many years. Actuaries are hired to estimate ultimate losses to help a company use appropriate reserve amounts...
by Jeff Adcock, FCAS, MAAA | Aug 3, 2011 | Analytical Issues, Loss Development and Trend
An underwriter once emailed me declaring that the IB and R load was too high on a particular account. I never had the heart to ask him what the letters I, B, or R signified in that statement, but obviously that must be what IBNR sounds like when pronounced too fast or...
