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This seminar will explore various data sources crucial for casualty loss reserving. From annual statements and tabular data to underwriting exhibits and actuarial opinions, attendees will learn how to access and utilize these resources to enhance their research. The discussion will cover methods of data manipulation, integration into vendor systems, and the importance of state and national loss data. This event is essential for insurance professionals seeking to strengthen their loss reserving practices through effective use of available data.
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Insurance Loss Data Sources Unlocking Data for Research Who, What, Where, How Casualty Loss Reserving Seminar September 11,2001
Data: Sources & Uses • The Annual Statement • Tabular data • Schedule P • Insurance Expense Exhibits • State Page • Underwriting and Investment Exhibits • Textual data • Actuarial opinion • Notes to financials • General interrogatories
Schedule P • Raw data • Write custom reports • Page reproduction • Quick reviews, legal reference • Spreadsheet • In triangle format, easy to manipulate • In loss reserving software • Reserve Pro, Affinity
State Page Data • Good source of LOB / state loss data • National LOB data too • Good check for other data • Market share comparisons
Insurance Expense Exhibits • Detailed LOB data • Historical trending • Net of reinsurance
Scanned Documents • Actuarial opinions • Management discussions • Notes to financials • General interrogatories
News and Newsletters • Contingencies • Actuarial Digest
Other Industry Links • SEC documents • Actuarial associations and societies
Integrated Services • Direct import into vendor systems • Reserve testing systems directly access data • Spreadsheet manipulations • Easy reformatting
Wrap up • Questions