Claim Reserves - Traditional

Background Reading

The Academy of Actuaries has posted at its Website (www.actuary.org) numerous pronouncements in the form of standards of practice which gave help and guidelines in the development of this work-product.

• No. 5 - Incurred Health and Disability Claims
• No. 23 - Data Quality
• No. 36 - Property/Casualty Loss and Loss Adjustment Reserves
• No. 38 - Using Models Outside Actuary's Expertise

The United Kingdom actuaries (www.actuaries.org.uk) offer a critique on claims reserves albeit with the emphasis on work-related.  This Website does address the stochastic approach.

Also, there is a significant collection of claim reserve related technical articles in the North American Actuarial Journal published by the Society of Actuaries.