The ability to accurately estimate loss reserves is a core competency for any well-run insurance company. Progressive provides a useful case study in loss reserving practices.
I am a long time claims adjuster and found this article due to searching around for what other companies have published in the past. I recently resigned from a relatively new company due to many red flags including how they reserve. One of those being that they often don’t. 😅
I am a long time claims adjuster and found this article due to searching around for what other companies have published in the past. I recently resigned from a relatively new company due to many red flags including how they reserve. One of those being that they often don’t. 😅