Actuarial Outpost
Go Back   Actuarial Outpost > Actuarial Discussion Forum > Property - Casualty / General Insurance
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions

DW Simpson
Actuarial Jobs

Visit our site for the most up to date jobs for actuaries.

Actuarial Salary Surveys
Property & Casualty, Health, Life, Pension and Non-Tradtional Jobs.

Actuarial Meeting Schedule
Browse this year's meetings and which recruiters will attend.

Contact DW Simpson
Have a question?
Let's talk.
You'll be glad you did.

Thread Tools Search this Thread Display Modes
Old 12-04-2019, 10:14 AM
Noonien Soong Noonien Soong is offline
Join Date: Sep 2018
Posts: 74
Default analysis with direct and net data in schedule P

Parts 2-4 of the schedule P are Net Loss and DCC amounts, such that they are net of reinsurance.

Part 5, all three sections, is on a direct and assumed basis.

So any analysis of incremental or closed claims severity, or average open claim case reserve is distorted right?

Are there meaningful ways to combine Parts 2-4 and Part 5? I'm thinking maybe if there has never been reinsurance nor assumed business, then direct = net. Alternatively, if there was a quote share style reinsurance, then actual severities wouldn't be accurate, but directional changes in them would have meaning.

Am i missing something?


Noonien Soong
Reply With Quote
Old 12-04-2019, 10:32 AM
Vorian Atreides's Avatar
Vorian Atreides Vorian Atreides is offline
Wiki/Note Contributor
Join Date: Apr 2005
Location: As far as 3 cups of sugar will take you
Studying for ACAS
College: Hard Knocks
Favorite beer: Most German dark lagers
Posts: 66,546

What is the goal of your analysis of claim severity and/or case reserve? That is, what are you hoping to learn or find out?
I find your lack of faith disturbing

Why should I worry about dying? Itís not going to happen in my lifetime!

Freedom of speech is not a license to discourtesy

Reply With Quote
Old 12-04-2019, 11:26 AM
Noonien Soong Noonien Soong is offline
Join Date: Sep 2018
Posts: 74

Assess any trends in claim severities. Severities of open claims vs closed claims by accident and calendar year. See if and just how much severities are exceeding an external index(like something from the bureao of labor statistics for example.)
Reply With Quote
Old 12-04-2019, 02:46 PM
CuriousGeorge CuriousGeorge is offline
Join Date: Dec 2005
Posts: 1,516

Is this your company or someone else?

One workaround is to rebuild Parts 2-4 on a direct only basis, using multiple Part 1 reports. Or, if it is your own company, just ask for the direct triangles.
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

All times are GMT -4. The time now is 08:56 PM.

Powered by vBulletin®
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 0.14602 seconds with 9 queries