Analyzing Reserves: Devil Is In The Details As scrutiny, case filings rise, insurers must consider a host of factors
As more and more insurers make significant adjustments to their reserves for asbestos-related losses, the analyses underlying those reserves are being scrutinized ever more carefully.
Virtually all observers agree that, when the liabilities are likely to be material, an exposure-based analysis is necessary. Unlike benchmark measures, such as market share or survival ratio techniques, ground-up exposure-based modeling explicitly considers the experience of individual defendants in asbestos litigation and the exact insurance coverage extended to them.
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