Many companies retain P&C insurance risks and retain an actuary to assist with loss reserve analyses of the retained risk. This paper contains questions that a company risk manager should discuss with their actuary about loss reserve analysis.
Many companies retain P&C insurance risks, and typically retain the services of a credentialed actuary to assist with various financial analyses of the retained risk. This paper contains ten questions that a company risk manager (or anyone else working with an actuary) should discuss with their actuary.
By asking these questions, the risk manager may uncover opportunities to obtain more value from actuarial analysis, including ways to improve the usefulness and reliability of the company's actuarial reports, as well as opportunities to discover sources of potential self-insurance program cost reduction