loss reserves News
Year-End 2020 Loss Reserve Redundancy for Workers Comp Hits $14B: NCCI
Workers compensation insurers continue to stow away more money than necessary in reserves, even as reported loss ratios continue to climb, according to a report released last Wednesday by the ...
Loss Reserve ‘Conservatism’ Will Shape the Pricing Cycle
According to our analysis of loss reserves published in mid-March, the year 2020 marked the 15th straight year that the U.S. property/casualty industry's loss reserves developed favorably—by about ...
Intelligent Automation in Loss Reserving: Why Actuaries Need Help From Robot Analysts
Among the many things that have changed how the actuarial field functions is an underlying movement to automate. By integrating cognitive computing capabilities into their actuarial processes, ...
Industry Loss Reserves Redundant by $28B: Assured Research
Analysts at Assured Research delivered some surprises in a report on property/casualty insurance industry loss reserves Monday, finding that reserves are $28 billion redundant and predicting that ...
U.S. Commercial Lines Has Plenty of Room for Improvement: Fitch
With an industry overall combined ratio for 2019 hovering just below 100, and individual lines like long-tail liability moving 10 points over breakeven, the U.S. commercial lines market has "plenty ...
COVID-19: On Disrupted Loss Reserve Diagonals and Lengthening Tails
It's axiomatic to assert that the coronavirus has changed everything both personally and professionally. Going forward, it'll be our aim at Assured Research to strike a balance. No one, of course, ...
Markel Division Draws Attention of U.S., Bermuda Regulators
Markel Corp. disclosed that U.S. and Bermuda regulators are inquiring about loss reserves from one of its divisions. The Virginia-based specialty insurer said that it was initially contacted on Nov. ...
Industry Shocker: Reserves Still Adequate
Although analysts at Conning didn't actually use the word "shocked" in their latest report on the property/casualty industry's loss reserve position, the title of the report—and the image on the ...