April 29th, 2010

Chart: United States Property Casualty Initial Accident Year Loss Ratios & Subsequent Development

Posted at 9:00 AM ET

ibnr

Source: Guy Carpenter; Highline Data

Data presenting the ratio of IBNR Reserves to Initial Accident Year Reserves. The trend follows the underwriting cycle. In a soft market, IBNR is not as generous. In a harder market, where premiums are higher and more dollar per unit of risk is being earned, IBNR is more generous.

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