Inadequate loss reserves are a leading cause of insurer insolvency. Best's Schedule P delivers the insight you need to plan for the future, providing powerful tools for discerning property/casualty industry norms and trends in this vital area.
Study loss and expense reserves, Incurred but Not Reported (IBNR) reserves and loss payments by line of business.
Determine the appropriate level of loss reserves for a company.
Perform claims and loss analysis.
Compare your company's results to those of other companies or the industry.
Observe reserving trends over a 10- or 20-year period in the major casualty lines.
Assess the impact of a company's reserving practices on its financial strength.
Open online statement pages in Excel
Enjoy product access through BestLink online, BestLink for Excel and FTP (contact us for FTP details and pricing).
Your purchase includes:
Eleven years of data for up to 20 accident years for 22 lines of business on a net and gross basis for approximately 3,180 property/casualty companies and groups, from Schedule P, Parts 1 through 7, of the NAIC annual statement
NAIC and actuarial formatted triangles
Eleven years of "As-Was" data, as it was originally filed by insurance companies
A.M. Best-calculated ratios, such as Paid Loss and Allocated Loss Expense; and A.M. Best-calculated percentages, such as Percent Paid to Incurred
Accumulated prior-year totals and totals for all years
Earned-premium information from Part 6
Access to Insureware's ELRF™ (Extended Link Ratio Family) software preloaded with Best's Schedule P data. The combination of A.M. Best's data with Insureware's specialized software:
Provides statistical tools for performing loss reserve analysis at various levels of segmentation
Pre-computes a number of triangles and risk metrics such as reserves held, and survival and loss ratios