Dear All,
Almost the weekend 😊
We are constantly coming across MGAs who are having different challenges with their data. One of these key challenges is data transformation In formalising this into a credible value. At the same time this needs to be consistent with other datasets like triangles (if collected from different sources). This implicitly impacts our projected ultimates and may compromise risk carrier capacity reservations.
For us actuaries to work either with supervised or unsupervised data, one of the key driver is driving data transformation well and making valuable for the other sources I.e. triangles being consistent.
Have a great weekend.
Best regards