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Question 5 - Learning Outcome 4 (20 marks) You are the Liability Underwriting Manager for a small general insurer. You are reviewing the insurer's recent
Question 5 - Learning Outcome 4 (20 marks) You are the Liability Underwriting Manager for a small general insurer. You are reviewing the insurer's recent claims triangulation data. You have concerns regarding the accuracy of reserving on the liability account. These concerns have been caused by a significant increase in the cost of industrial deafness claims. The rlaime triannulation data ie ehnwn halnwr (a) Analyse the trends within the claims triangulation data that may be influencing the accuracy of reserving. (b) Explain, with justification, which two other business functions within the insurer could assist you in improving the accuracy of reserving. Question 5 - Learning Outcome 4 (20 marks) You are the Liability Underwriting Manager for a small general insurer. You are reviewing the insurer's recent claims triangulation data. You have concerns regarding the accuracy of reserving on the liability account. These concerns have been caused by a significant increase in the cost of industrial deafness claims. The rlaime triannulation data ie ehnwn halnwr (a) Analyse the trends within the claims triangulation data that may be influencing the accuracy of reserving. (b) Explain, with justification, which two other business functions within the insurer could assist you in improving the accuracy of reserving
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