Introduction To Ratemaking And Loss Reserving For Property And Casualty Insurance

For environmental pollution or pharmaceutical liability, claims are reported decades later. Reserving requires and stochastic reserving (using thousands of simulations to create a distribution of possible outcomes, not just a point estimate).

For environmental pollution or pharmaceutical liability, claims are reported decades later. Reserving requires and stochastic reserving (using thousands of simulations to create a distribution of possible outcomes, not just a point estimate).