Open Forum: UK Motor Insurance - What Every Actuary Should Know (if they Work in Pricing, Reserving, Reinsurance or Capital Modelling): The Full Results of the Third Party Working Party

This event is now fully booked. This event will be re-run on 13 March 2012. 

Please note the papers for this event will now be available AFTER the event

Registration: 17:00 - 17:30

Programme: 17:30 - 19:00

Why attend?

Results of a significant actuarial market study on UK third party motor claims with implications for pricing, reserving, reinsurance and risk management. What every actuary in the motor market should know.

Over 85% of the FSA regulated UK motor market contributed data to the latest study of the Third Party Working Party. This Open Forum will set out the full results for accident years 2010 and prior - previous events have covered parts of the working party's scope in isolation.

The session will cover:

•    inflationary and development trends in third party property damage and small bodily injury claims

•    geographical differences in third party claims experience

•    similarities and differences between private car comprehensive business and other motor classes

•    inflationary and development trends in large bodily injury claims

•    projected estimates of ultimate frequencies, severities and burning costs for large bodily injury claims

•    discussion of the working party’s plans for 2012.

This session sets out key market drivers that every actuary working in UK motor should be aware of.

Who should attend?

Pricing, reserving and risk actuaries working on UK motor insurance.