Posts Tagged ‘Leong (Jessica)’



June 16th, 2014

The Total Value of Reinsurance for Long-Tail Business

Posted at 1:00 AM ET

victoria-jenkinsleong-jessica-bio-sep-2013Victoria Jenkins, Managing Director, and Jessica Leong, Lead Casualty Specialty Actuary

Contact 

Can we learn from Solvency II to unlock the hidden value of reinsurance for long-tail business?

Continue reading…

May 9th, 2014

Industry Reserve Update: Conclusions

Posted at 1:00 AM ET

leong-jessica-bio-sep-2013Jessica Leong, Lead Casualty Specialty Actuary

Contact

What does the analysis mean for financial year 2014? Given the trends in the cycle, it is useful to break this question down into two sections:

Continue reading…

May 8th, 2014

Liability Line That Appears To Be Deteriorating

Posted at 1:00 AM ET

leong-jessica-bio-sep-2013Jessica Leong, Lead Casualty Specialty Actuary

Contact

Liability line that appears to be deteriorating: Commercial auto liability.

Continue reading…

May 7th, 2014

Liability Lines That Appear To Be Improving

Posted at 1:00 AM ET

leong-jessica-bio-sep-2013Jessica Leong, Lead Casualty Specialty Actuary

Contact

Liability lines that appear to be improving: Workers compensation, medical professional liability and commercial multi peril.

Continue reading…

May 6th, 2014

What is driving the continued release of reserves?

Posted at 1:00 AM ET

leong-jessica-bio-sep-2013Jessica Leong, Lead Casualty Specialty Actuary

Contact

Seventy percent of the improvement for accident year 2012 can be attributed to two lines: homeowners and private passenger auto.

Continue reading…

May 5th, 2014

Industry Reserve Update — Which Way Is The Cycle Turning?

Posted at 1:00 AM ET

leong-jessica-bio-sep-2013Jessica Leong, Lead Casualty Specialty Actuary

Contact

With the release of the 2013 annual statutory statements, we have updated the Guy Carpenter reserve cycle analysis as shown in the chart. Overall, the figures indicate a trend showing the industry continuing to release reserves through this year, as two lines of business appear to exert the greatest impact on the cycle.

Continue reading…

April 29th, 2014

Insurance Industry Reserve Releases to Continue Through 2014

Posted at 11:30 PM ET

Guy Carpenter today released an updated analysis of industry reserves. Based on 2013 annual statutory statements, Guy Carpenter has updated their analysis of the reserve cycle by examining accident year data for eleven lines of business. According to the analysis, workers compensation reserves appear to be improving, despite noted deterioration over the last year. Similarly, medical professional liability and commercial multi peril lines appear to be making tentative turns to show greater reserve release in accident year 2012 than expected. Conversely, other lines such as commercial auto liability continued to exhibit deterioration.

Continue reading…

April 15th, 2014

Guy Carpenter and Oliver Wyman Publish Third Annual Insurance Risk Benchmarks Report

Posted at 1:00 AM ET

Guy Carpenter and its sister company, Oliver Wyman, the international management consulting firm, published the third annual Insurance Risk Benchmarks in September of 2013. We highlight the report here again. 

Continue reading…

February 12th, 2014

Guy Carpenter’s and Oliver Wyman’s Risk Benchmark Report

Posted at 1:00 AM ET

Guy Carpenter and its sister company, Oliver Wyman, the international management consulting firm,  published the third annual Insurance Risk Benchmarks.

Continue reading…

October 23rd, 2013

The Reserve Cycle

Posted at 1:00 AM ET

leong-jessica-bio-sep-2013Jessica Leong, Lead Casualty Specialty Actuary

Contact

In 2012 the insurance industry enjoyed more reserve releases, but many sources say that the releases of the last decade will soon run out. But when? Most insurance commentary reports on the reserve cycle but does not often attempt to explain why it exists. If we can understand the drivers of the cycle, we can do better in predicting where we are and where we are going.

Continue reading…