Reserve reviews

It is important for insurers to regularly conduct reserve (IBNR) reviews, as this determines the reserves needed to meet potential future claims liabilities. IBNR reserves are needed because of delays in reporting and claims settlement - particularly in the case of long tail business. In this type of business, claims can take relatively longer to lodge following the loss event, and may take even longer to settle.

We regularly assists clients all over Asia in determining appropriate reserving levels, as well as providing insights as to how the business is performing.