Milliman launches innovative benchmarking tool for assessing the variability in unpaid claim estimates
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"Milliman's Claim Variability Guidelines are like version 2.0 of the standard benchmarks that are currently used industry-wide - they're a modernized, robust, and efficient tool that can help insurers better understand their unpaid claims reserves," says
Key features of the tool include automatically adapting results based on company size, as well as the flexibility to adjust for different development patterns, currencies, and variance assumptions. For more information, Mark will be presenting on benchmarking unpaid claim estimates, as well as integrating reserve variability into enterprise risk management, at the Casualty Loss Reserve Seminar this week in
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