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Simple and Effective Reserve Practices

Simple and Effective Reserve Practices When setting reserves, multiple methods are often used in the creation of the reserve estimate. Judgment is warranted to combine these different estimates ...
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Description: When setting reserves, multiple methods are often used in the creation of the reserve estimate. Judgment is warranted to combine these different estimates into a final recommendation. This paper describes two techniques that can be used to combine these estimates that may result in better accuracy and lower variance.
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- Authors: Christopher Coulter, Dale Cap, Kevin McCoy
- Date: Dec 2015
- Competency: Technical Skills & Analytical Problem Solving>Innovative solutions; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Health Watch
- Topics: Health & Disability>Health insurance; Modeling & Statistical Methods>Modeling efficiency; Modeling & Statistical Methods>Regression analysis; Technology & Applications>Computer science

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Simple and Effective Reserve Practices