Like no other number on the balance sheet the claims reserves underpin a company’s profitability and pricing as well as its financial security. Our clients benefit from our ability to not only identify but also transparently explain the key drivers of their reserves.
We are making our expertise in this area available to our clients in the following ways:
- statutory valuation in several Asian jurisdictions (e.g. claim liabilities & premium liabilities)
- independent reserve review
- design or review of reserving process, including interfaces with other processes (e.g. pricing, risk management, actuarial control cycle)
Accurate reserving is central to much of an insurer’s or reinsurer’s operation and provides a foundation upon which decision-making can rest.