Mazars can help with all aspects of your reserving process, from the provision of all required statements of actuarial opinion to reviewing the work that your in-house team has carried out.
It is essential to understand the potential volatility of reserves for various classes. We provide guidance on client experience, exposures and benchmarks. Our Actuarial team helps you to understand and resolve gaps between best practice and your current reserving and reporting procedures.
Our team helps with:
- regular monitoring of reserves with particular attention to cycle management
- monitoring exposures to identify potential for reserve deterioration
- benchmarking with peers
- analysis of individual market losses and case estimation policies
- stochastic claim reserving
Our reserving process pays close attention to the particular features of Lloyd’s reserving such as subscription basis, diverse nature of risks, binders and contracts with long exposures.
