Loss adjustment expenses (“LAE”) are incurred in connection with the recording, investigation, and settlement of insurance claims. The cost of LAE for Property & Casualty (“P&C”) insurers is significant. On […]
Understanding IBNR A loss reserve1 as shown on an insurer’s financial statement is a provision for their claim liability as of a certain accounting date. It is composed of two […]
Accruals for Warranties and Other Guarantees The last time you purchased an automobile, electronic device, or a major appliance – a new smart phone, refrigerator, or washing machine, for example […]
Consultant Spotlight: Consulting Actuary, Shina Fritz, ACAS, MAAA Shina is excited to bring her talent and expertise to Rate Making & Product Development at Huggins. Shina has more than 30 […]
As a board member, you may have been given a “Statement of Actuarial Opinion” with respect to the year-end financial results. But what is this document, and should you even […]
A Trend, a Season, a Cycle or Something Else?
Chefs and Actuaries
Too much clutter in your life? Read the latest column from Huggins’ consulting actuary Grover Edie, MBA, FCAS, MAAA, CERA, CPCU, ARM, ARP in the latest edition of Actuarial Review. “Stuff” […]
The presentation given by consulting actuary Chandu C. Patel, FCAS, MAAA at the Fall 2017 CAMAR meeting is available for viewing. Bermuda_Economic_Balance_Sheet_CAMAR_Fall_2017_Final_Huggins (003)
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