19 January 2021
Since reforming in 2007 the UK Asbestos Working Party (“AWP”) is a source of expertise within the profession on matters relating to UK asbestos related diseases. It has been working towards a new UK insurance market estimate to provide assistance to actuaries having to estimate the reserves relating to UK asbestos related claims.
The Working Party has produced a central estimate, together with the models used to generate that estimate, to assist actuaries in setting their year-end reserves relating to UK asbestos related claims.
Further scenarios and a full report on the Working Party’s findings will released early in 2021.