1 / 36

Casualty Loss Reserve Seminar

Casualty Loss Reserve Seminar. An Insider’s Guide to WC Loss Reserving. Larry Vitale. Topics for Discussion. Frequency and Severity Trends Loss Development Trends in Country Wide Variation by State Primary and Excess Trends in Excess Tail of the Loss Payment Distribution – What’s in it?

herrerawilliam
Télécharger la présentation

Casualty Loss Reserve Seminar

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Casualty Loss Reserve Seminar An Insider’s Guide to WC Loss Reserving Larry Vitale

  2. Topics for Discussion • Frequency and Severity Trends • Loss Development • Trends in Country Wide • Variation by State • Primary and Excess • Trends in Excess • Tail of the Loss Payment Distribution – What’s in it? • Variation in Loss Reserves • Industry Net Reserves • Industry Excess Reserves

  3. WC Frequency and Severity Trends Source: State of Line, D Mealey Chief Actuary NCCI

  4. WC Frequency and Severity Trends Source: State of Line, D Mealey Chief Actuary NCCI

  5. WC Frequency and Severity Trends Source: State of Line, D Mealey Chief Actuary NCCI

  6. WC Frequency and Severity Trends Source: State of Line, D Mealey Chief Actuary NCCI

  7. WC Frequency and Severity Trends Source: State of Line, D Mealey Chief Actuary NCCI

  8. WC Frequency and Severity Trends Source: State of Line, D Mealey Chief Actuary NCCI

  9. WC Frequency and Severity Trends Source: State of Line, D Mealey Chief Actuary NCCI

  10. WC Frequency and Severity Trends Source: State of Line, D Mealey Chief Actuary NCCI

  11. WC Frequency and Severity Trends Age as a Driver of Freq. ^ Severity, H Shuford, Chief Economist NCCI

  12. WC Frequency and Severity Trends Age as a Driver of Freq. ^ Severity, H Shuford, Chief Economist NCCI

  13. Loss Development:Trends in Country Wide

  14. Loss Development:Trends in Country Wide

  15. Loss Development:Individual State - Variation

  16. Loss Development:Individual State - Variation

  17. Loss Development:Primary vs. Excess

  18. Loss Development: Excess

  19. Loss Development: Excess

  20. Loss Development: Excess

  21. Loss Development: Excess

  22. Tail of the Loss Payment Distribution: – What’s in it? • Give Perspective • Relied on a very good recent CAS paper by Richard Sherman and Gordon Diss – Estimating The Workers’ Compensation Tail • Focus on the Major Cause of the length of the distribution's tail. • Show why care must be take when estimating the distribution’s tail.

  23. Tail of the Loss Payment Distribution:What’s in it?

  24. Tail of the Loss Payment Distribution: – What’s in it?

  25. Tail of the Loss Payment Distribution:What’s in it? Prescription Drug Study, B Lipton, Practice Leader NCCI Source: Estimating The WC Tail, Sherman & Diss

  26. Tail of the Loss Payment Distribution:What’s in it?

  27. Tail of the Loss Payment Distribution:What’s in it?

  28. Tail of the Loss Payment Distribution:What’s in it?

  29. Tail of the Loss Payment Distribution:What’s in it?

  30. Tail of the Loss Payment Distribution:What’s in it?

  31. Variation in Loss Reserves:Net WC Industry

  32. Variation in Loss Reserves:Net WC Industry

  33. Variation in Loss Reserves:Net WC Industry

  34. Variation in Loss Reserves:Net WC Industry

  35. Variation in Loss Reserves:Excess WC

  36. Variation in Loss Reserves: Excess WC

More Related