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A User‐Friendly Introduction to Property‐Casualty Claim Reserves
Author(s) -
Calandro Joseph,
O'Brien Thomas J.
Publication year - 2004
Publication title -
risk management and insurance review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.386
H-Index - 16
eISSN - 1540-6296
pISSN - 1098-1616
DOI - 10.1111/j.1098-1616.2004.00044.x
Subject(s) - solvency , business , actuarial science , investment (military) , property (philosophy) , value (mathematics) , finance , property value , user friendly , accounting , computer science , political science , market liquidity , law , philosophy , epistemology , machine learning , politics , operating system , real estate
Property‐casualty (P&C) claim reserves are financial statement liabilities that represent estimated future claims. An understanding of P&C reserves is important to both risk managers and investment analysts, since this information is crucial in assessing solvency and value. We review some basics of P&C reserves, and add some of our own thoughts, in a way that tries to be user‐friendly for practitioners and students.