Happy Monday All,
The insight that I would like to share with you all today is in respect of the reserving associated with our CR (Combined Ratio) Projections. Given the recent disruptions and economic downturns that has mainly been caused by COVID-19, it is interesting to read that Swiss Re has reported that it is navigating the pandemic with a Proactive Reserving Approach and a strong balance sheet. They have notified in their statement that it expects the normalised Combined Ratio in Property & Casualty Reinsurance (P&C Re) to improve to ≤ 96% in 2021, supported by positive rate momentum, see details of link:
We at ARGenesis feel that this is encouraging news and the main key point that we would like to raise from this is that we in our reserving approach are utilising granular data to optimise better reserving from ground up to produce our triangulations leading ultimately to our TP (technical provisions).
How can we help you to improve the value of data? Please get in touch and we will be pleased to assist.
Best regards
ARGenesis Management Consultancy Team.