Editors Note: This is the second of a three part installment. Part 1 is available here. The final part will run tomorrow.
Part Two of Three: Your reserving philosophy.
In our first installment, we identified the insurance processes that are adversely affected by inaccurate reserving practices. Now we will review a sound reserving philosophy and the factors that make up accurate reserving.
Most insurance companies and third party administrators have a reserve setting philosophy stated in ...
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