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Evaluation

Reserving

Level 1: No prior knowledge of the subject (0-3 Years)

C:PC:L2

C:MM:L1

C:FI:L1

C:FE:L1

C:RM:L1

C:AS:L2

S:CT:L2

S:DA:L1

S:BT:L1

S:PR:L1

S:BA:L1

S:LT:L1

T:IC:L1

T:CO:L1

T:CR:L1

T:IA:L1

CS-32 - U.S. Property/Casualty Industry Loss & LAE Reserves

Monday, November 6, 2023
1:15 PM – 2:15 PM PST
Location: Hollywood Ballroom (3rd Floor)
This session will cover AM Best's views on the year end 2022 reserve positions of the U.S. P&C segment in total and by Schedule P line of business. Historical adverse or favorable development will be reviewed by line and recent development will be compared to expectations. Loss development during and after COVID-19 will be reviewed versus expected development. In addition, AM Best will provide its opinion of the potential impact of favorable or unfavorable reserve development on an insurer's financial strength ratings.

Learning Objectives:

  • Understand AM Best's views of year end 2022 reserve positions for U.S. P/C Segment in total and by line of business.
  • Recognize the impact of COVID-19 on loss develpoment.
  • Understand the potential impact of reserve development on AM Best's financial strength ratings of insurance companies.
  • Review of current reserve positions in the U.S. P/C Segment by line of business.