Category Archives: Blog

For many corporations, improved risk management and back-to-work programs have resulted in a reduction in claim frequency. This in turn can mitigate adverse severity trends. However, we are witnessing a continued rise in the medical component of workers’ compensation, with … Continue reading →

In a previous post, I talked about credibility problems arising from having too few losses in a policy year. A related but distinct problem arises when a few large losses dominate a dataset. In many respects, the easiest data to … Continue reading →

A recurring problem with any kind of data work is credibility: does the quality of the data warrant the conclusions being drawn from it? With insurance losses, credibility problems take a number of forms. One of the most common is … Continue reading →

To many readers of actuarial reports the language can be quite confusing. This article discusses the notion of an “Estimate” or “Forecast” in the parlance of what has become part of generally accepted actuarial guidelines of communication. Actuaries often develop … Continue reading →

ERM is a hot topic these days. What is driving this interest? What steps are you taking internally to develop an ERM plan? Continue reading →