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ASTIN Webinar: Actuarial Loss Reserving with Gregory Taylor – Webinar on March 26th!

 
 
The webinar on March 26th with Gregory Taylor is free!

Join Greg Taylor for a webinar introducing his 8-part Masterclass on The Art and Science of Actuarial Loss Reserving. We'll preview the first episode, Insurance Technical Reserves: What and Why?, and discuss how reserve models establish profit, price new business, and manage liability risks.


If you're interested in loss reserving or managing insurance liabilities and claims this webinar is for you.

         REGISTER HERE        
The Art and Science of Actuarial Loss Reserving - From Then to Now by Greg Taylor

One of the largest items on an insurance company's balance sheet, often the largest, is the loss reserve, the liability for future claim costs for which the company is already obligated. It isn't possible to operate a risk business without a thorough understanding of its liabilities. Modern insurance businesses rely on reserve models to:

  • establish bottom-line profit for each accounting period;
  • price new business effectively;
  • report to relevant statutory authorities;
  • understand the risk associated with the estimates of liability; and 
  • manage the capital commitment to the business of its owners.

Loss reserving methodology has evolved over 50 years or so, from models of a strictly heuristic nature in the early years to properly formulated stochastic models more recently, and has evolved further in the very recent past into machine learning models. Loss reserving is often viewed as a necessary evil, divorced from the excitement of the marketplace, and dull in nature. Greg Taylor shows you that the statistical processes underlying it, and the associated modelling challenges, can lead you down stimulating by-ways.

About Greg Taylor

Greg Taylor is an Adjunct Professor in the School of Risk and Actuarial Studies at University of New South Wales (Sydney, Australia).  Greg Taylor was a founding director of Taylor Fry Consulting Actuaries, where he acted as a consultant for 15 years. Prior to the foundation of that company in 1999, he worked as an actuary in the finance and insurance industry for 30 years, and a further 8 years as an academic. He is an Officer of the Order of Australia, and recipient of one of the only two Gold Medals ever awarded by the Actuaries Institute of Australia. He also holds the Finlaison Medal (Silver Medal) of the UK Institute and Faculty of Actuaries. He specialises in the theory of Insurance Loss Reserving, and has authored two books, and co-authored a third, on the subject. One has been translated into Japanese. He has lectured and held research positions in many academic and industry institutions in Europe and the North America.

        REGISTER HERE