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 my 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, loss reserve analysts often have other responsibilities and demand. This session will address procedures used to evaluate loss reserve requirement with limited resources (data, people, time).