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Join Ronald E. Greco at the Unitrin Casualty Loss Reserve Seminar in Las Vegas on September 14, 2004, to learn about various levels of management, reserve ranges, metrics, reserving methods, and more. Discover key insights for communicating results and optimizing loss reserves in your department.
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Managing a Loss Reserving Department and Communicating Results Ronald E. GrecoVice President & Corporate ActuaryUnitrin Casualty Loss Reserve Seminar Las Vegas, Nevada September 14, 2004
Levels of Management • Board of Directors • Chief Executive Officer • Chief Financial Officer • Chief Accounting Officer • Operating Unit Heads • Chief Claims Officer • Tax Manager • Outside Auditors Ronald E. Greco
Information Presented • Appointed Actuary’s Report • Carried Reserves • Reserve Ranges • Metrics • Ultimate Loss Selections • Reserving Methods and Selections • Special Reserves Ronald E. Greco
Reserve Ranges Ronald E. Greco
Reserve Metrics Ronald E. Greco
Average Premium Ronald E. Greco
Ultimate Loss Ratio Ronald E. Greco
Ultimate Claim Frequency Ronald E. Greco
Ultimate Claim Severity Ronald E. Greco
Selected Ultimate LossDollar Change Ronald E. Greco
Selected Ultimate LossPercent Change Ronald E. Greco
Reserving Methods & Selections Ronald E. Greco
Asbestos Ronald E. Greco
Environmental Ronald E. Greco
Construction Defect Ronald E. Greco
Mold Ronald E. Greco
Ceded Reserves Ronald E. Greco
Reinsurers Ronald E. Greco