Difference between revisions of "SAO Practice"
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# Explain the significance of one-year development to prior year surplus in reserve analysis. | # Explain the significance of one-year development to prior year surplus in reserve analysis. | ||
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Revision as of 22:34, 25 January 2024
Questions
- Explain the importance of the appointed actuary's range in determining the adequacy of loss reserves.
- How does the concept of material adverse deviation (MAD) influence the actuary's opinion in the Statement of Actuarial Opinion (SAO)?
- Describe the role of reinsurance in the actuarial evaluation of a company's reserves.
- What factors should be considered when assessing the adequacy of reserves for a new line of business?
- Explain the significance of one-year development to prior year surplus in reserve analysis.
