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Session Practical Applications Of Reserve Ranges

Session Practical Applications Of Reserve Ranges. Lee Steeneck. SEC 10-K 12/03 Disclosures on use of reserving ranges. AIG, Chubb, ACE do not speak to ranges Hartford shows variability in 3 yr development to 12/03 TPC considers results of multiple methods, backtests and recalibrates MBE

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Session Practical Applications Of Reserve Ranges

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  1. Session Practical Applications Of Reserve Ranges Lee Steeneck

  2. SEC 10-K 12/03 Disclosures on use of reserving ranges AIG, Chubb, ACE do not speak to ranges Hartford shows variability in 3 yr development to 12/03 TPC considers results of multiple methods, backtests and recalibrates MBE St. Paul considers a range of estimates bounded bottom/top and records MBE Everest Re creates high/low in 5 classes using objective and subjective means. MBE set by class CNA has 4 classes and shows +/- of 7-10%, 25% for inherent volatility from MBE XL Capital sets point estimates and ranges by LOB, creates statistical distribution(VAR), and forecasts out 1 year Partner Re doesn’t disclose ranges but uses stochastic simulations in determining MBE. MBE= Management’s best estimate; reserves held. Lee Steeneck, Practical Applications of Reserve Ranges. Disclaimer = My remarks are personal, not representing views of my employer or the cosponsors of this CLRS event.

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