ULAE Reserves

Reserving for unallocated loss adjustment expenses often receives little attention, in spite of the fact that the liabilities associated with ULAE can be material. This session features several techniques for estimating the required ULAE reserve. The material presented includes discussion of specific adjustments in methodology for particular circumstances and comparative evaluation of the assumptions underlying each technique. This session is for the loss reserving specialist generally familiar with the ULAE estimation approaches described in the actuarial literature and thoroughly familiar with the types of data available in Schedule P of the Annual Statement.