Loss Reserving: A Fresh Look

Coyne, Frank J.
September 2008
Best's Review;Sep2008, Vol. 109 Issue 5, p95
Trade Publication
The article focuses on the importance of revisiting loss reserving on the property/casualty industry in the U.S. According to a study by the International Organization for Standardization (ISO), loss reserve adequacy has dropped by between $3 billion and $10 billion in 2007. Moreover, several reasons are cited why one should consider loss reserving, including the difficulty in setting reserves and the risk of insolvency.


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