KenFikes - Introduction to Casualty Actuarial Science Ken...

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1 Ken Fikes, FCAS, MAAA Introduction to Casualty Actuarial Science Ken Fikes, FCAS, MAAA Director of Property & Casualty Email: [email protected]
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2 Ken Fikes, FCAS, MAAA Casualty Actuarial Science Two major areas are measuring 1. Written Premium Risk z Pricing 2. Earned Premium Risk z Reserving
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3 Ken Fikes, FCAS, MAAA z What is a Loss Reserve? Amount necessary to settle unpaid claims z Why are Loss Reserves Important? Accurate evaluation of financial condition & underwriting income Definitions
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