Designed for new ASAs/FSAs or actuaries who are new to reserving or who just need a refresher, this session will deliver a basic understanding of IBNR reserving and different reserving methods and assumptions. Discover examples of constructing claims triangles and developing completion factors, while exploring concepts such as seasonality, trend and outlier claims. Apply the principles learned to analyze multiple examples from different products such as major medical inpatient, outpatient, pharmacy, Medicare Supplement, dental, and critical illness.
After the session, you will be able to understand the concepts of IBNR reserving, apply different reserving methodologies and assumptions, and calculate the reserve amounts.