The Peril Based Reserving Working Party is developing a universal framework for capturing the emergence and development of insurance claims, primarily with a view to developing more granular reserving methods and comparing their performance against existing techniques

The objectives of the Peril Based Reserving Working Party are to:

  • capture and express the ‘peril-based’ framework for the emergence of risk, the manifestation of claims and their settlement
  • apply this framework to the analysis of claims (e.g. exposure, causality and emergence of losses, settlement ‘pathways’, including recoveries and re-opening of claims)
  • apply and evaluate the effectiveness of more granular reserving methods to claims and transaction level data
  • enhance links between reserving methods and pricing and capital assessments.

Outputs:

Chair: Alex Marcuson
Membership: 11
Established: 2013

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Contact Details

If you want more information about this research working party please contact the Communities Team.

professional.communities@actuaries.org.uk

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