Latent Claims (GISC Convention, 10/90)

This report is largely a survey of the background to the main types of latent claims currently being faced by UK insurers, reinsurers and syndicates, together with some suggested approaches to reserving for such claims. We also conducted a survey of reserving practices, which is included. Although the report is long, each section is largely self-contained, and it should be possible to read only those sections of interest without loss of understanding. We include a detailed contents section to aid reference.