Actuarial

You just signed the annual opinion and now you can take a break, unless you haven’t written an actuarial memo, which is due later in the spring.  The good news is, by writing the actuarial memo, it enables you some time to document IBNR and other reserving practices and reflect on better practices that could be implemented in the upcoming year.  In my experience, reviewing various organizations’ actuarial memos, I often feel like Goldilocks critiquing the three bears:

More than just IBNR calculation

Some actuarial memos are too little: sometimes you come across a one-page actuarial memo which only discusses IBNR. These memos are just not enough and missing the […]