Loss Reserving with Limited Data

Often the loss reserve analyst is required to estimate unpaid claim liabilities with less than optimal data. Small or start-up insurance companies may have only limited loss and exposure information or data processing support. Therefore, it may be necessary to supplement the company’s historical data with data from external sources in evaluating reserve requirements. In addition, the loss reserve analysts often have other responsibilities and demands. This session will discuss procedures used to evaluate loss reserve requirements with limited resources (data, people, time).