Reserving for Runoff Operations--A Real Life Claims Specific Methodology for Reserving a Workers Compensation Runoff Entity [Discussion]

The paper takes the reader through a real life example of an entity in runoff. In some instances, certain calculations and data examples have been amended from their original forms for the purposes of simplicity and demonstration. The runoff operation's reserves are predominately those of Florida Workers Compensation (WC) self-insured funds. WC has its own unique properties, which need to be considered when reserving in a runoff environment.