ULAE Reserves

Reserving for unallocated loss adjustment expenses often received little attention, despite the fact that for some situations the liabilities associated with ULAE can be significant. This session features several techniques for estimating the required ULAE reserve. The material presented includes a discussion of the types of situations where the ULAE liability could be significant, and the ways in which the techniques described address those circumstances. This session is for the loss reserving specialty 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.