Dublin-based Research and Markets has announced the addition of “Historical Loss Development Study – 2005” to their offering. The bulletin notes that the study “has been produced since 1969 to reinforce awareness of historical loss development patterns in companies writing casualty excess reinsurance business and in primary companies writing high deductible or umbrella insurance.
“This 400-page book contains over 40 years of loss development data compiled from 23 companies and is full of insightful analysis of attachment points, ranges of variation, comparative treaty and facultative data and the impact of mass torts on loss development.”
R&M indicated that “comprehensive data is presented for the major lines of insurance including automobile liability, general liability, workers compensation, and medical malpractice. The study also includes a comparison of reinsurer and primary insurer historical loss development.
In the 2005 edition, 21 of our members contributed data for the study. The new edition also includes an exhibit on discounted vs. undiscounted development of workers compensation and presents analysis of the ratio of asbestos and environmental & other mass tort losses compared to total general liability emergence by accident year. The statistical information includes both reported loss data triangles and paid loss triangles. Access to the data triangles is available via the Internet.”
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