It was agreed that waiting for changes in the triangles before taking action is too slow and so the Better Sensing and Responding to Change Working Party was established in order to examine ways of better detecting (‘sensing’) and react to change. The working party reports into the General Insurance Reserving Oversight Committee (GI ROC) and continues to work towards the following objectives:
- To pre-empt changes in the triangles
- To examine how information can be used more holistically
- To better see what’s changing and to develop the best responses to those changes
- To educate individuals and businesses to apply this approach and so ensure they are better prepared.
- Technical Issues in General Insurance (TIGI) 2019: E4: Reserving Workshop - Better Sensing Model Reasoning Failure
- GIRO 2018: Workshop F: 3D Diagnostics Towards Better Reserving
- Signal vs. Noise, Smerald
- GIRO 2016 workshop D5: Sensing and Responding to Change Here and Now
- Launch activities at General Insurance Research Organisation (GIRO) 2015.
- 9 November 2017
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