In the 3 years since the start of the COVID-19 Pandemic, insurance industry data has been significantly impacted by pandemic related shutdowns, heightened inflation, and now changing claim closure patterns.
This session offers pricing and reserving experts some key considerations when measuring and adjusting for the impact of these major events on commercial lines including umbrella, and how those impact appear to be changing with more of a return to normalcy. We will also demonstrate how to use the Size-of-Loss Matrix Quarterly to analyze frequency, severity, and loss ratio trends, as well as development factors and closure rates during the past 3 years.
Who Should Watch:
Primary, excess, and reinsurance pricing and reserving actuaries, underwriters and product managers.
Presentation Date:
Thursday, October 12, 2023
Speakers:
Marni Novack FCAS, MAAA
Actuarial Manager - Excess and Reinsurance
John Buchanan FCAS, MAAA
Managing Principal - Excess and Reinsurance