Loss Reserve Risk Margins for General Insurance
Can anyone briefly explain to me how the reserve risk margins for General Insurance are measured in UK?
I know in Canada, they have provisions for adverse deviations. the CIA (Canadian Institute of Actuaries) methodology requires the actuary to select margins relating claims development, reinsurance recovery, and interest rate.
So I would like to know how it's adopted in UK or some other country. Thanks a bunch.
Last edited by Amme Amme; 05-31-2009 at 07:54 PM..