HOW RESERVES ARE  ESTABLISHED    

 

 

 

Chapter 8

How Reserves Are Established

[A] In General

    1. What are reserves
    2. Financial Implications of Reserving
    3. Reserves and Settlements

[B] How Reserves Are Established

    1. Elements of Consideration When Setting Reserves
    2. Sample case Evaluation
    3. Reserves Guidelines

[C] Specific Methods of reserving

    1. Average Value Method
    2. Loss Ratio Method
    3. Tabular Value Method
    4. " Reserved to Exposure "
    5. Reserve Review

[D] How Reserves Are Used

    1. Important of Reserves to adjusters
    2. Adjusting Reserves
    3. Summary of factors Contributing to claim Evaluation

[E] Example of case Reserving

[F] Conclusion

*****Lecture seminar for this course is 1.0 hours for Continuing Education (CE) This course includes current terms of how insurance companies set reserves and the criteria in the establishment.     Course study for a Professional Designation  requires 3 hours study time.

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