The Industry Indicated and Final Commercial reports have been updated to reflect the 4th quarter 2023 data.
Please contact Tim Galligan with any inquiries regarding these reports.
Meeting Exhibits
Accident to Policy Year Report Ultimate losses by coverage and accident year split into policy years with resulting IBNR and loss ratios. This report is updated after each Loss Reserving meeting.
Data Quality Industry summary of significant late, missing, and rejected data by company.
Ultimate Deficit Memo Ultimate premium and deficit projection for the past three years.
Post Meeting Ultimate Deficit Projections Commercial ultimate deficit projections for the three most recent policy years, as established by the Loss Reserving Committee for the current quarter.
Historical Ultimate Deficits A historical summary by quarter of the policy year underwriting deficits for the commercial pools, as established by the Loss Reserving Committee.
AOBI Large Losses Summary of Commercial Bodily Injury Large Losses
AOPDL Large Losses Summary of Commercial Property Damage Liability Large Losses.
RedBook - Ceded Market Ceded market shares for Commercial written premiums.
RedBook - BI Exposures by Limit Summary of statistically reported exposures by limit.
Accident Year
Accident Year Loss Indications Ultimate paid and incurred loss projections by coverage for the latest 10 accident years.
Accident Year Paid/Incurred Indications Historical summary of the industry paid and incurred loss projections and the subsequent "selected" ultimate loss amount for the latest 6 accident years by liability coverage.
- Industry Indicated
- Industry Final
Accident Year Triangle Earned premium and average of paid/incurred projection for the latest 10 accident years by coverage. Also displays loss ratios including rate deviation for the current and prior quarters.
- Industry Indicated
- Industry Final
Frequency Severity Industry ultimate claim counts, frequency, severity, and loss pure premium for the latest 10 accident years by coverage.
- Industry Indicated
- Industry Final
Factors of Development
Commercial Development Factors By Coverage
Policy Year
Policy Year Loss Indications Ultimate paid and incurred loss projections by coverage for the latest 10 policy years.
Policy Year Loss Ratios (PYLRE) Industry ultimate losses, written premium, and loss ratios for the latest 10 policy years by coverage.
Policy Year Paid/Incurred Indications Historical summary of the industry paid and incurred loss projections and the subsequent "selected" ultimate loss amount for the latest 6 policy years by liability coverage.
Policy Year Triangle Industry written premium and average of paid/incurred projection for the latest 10 policy years by coverage. Also displays loss ratios including rate deviation for the current and prior quarters.
Split Ratio Industry earned premium for a specific policy year reported in a calendar quarter divided by total earned premium reported in the calendar year quarter. Ratios for the latest 10 policy years are displayed for total commercial. The ratios are used in splitting IBNR from accident year to policy year in the Accident to Policy Year report.
Summary of Policy Year Loss Ratios Latest 4 policy years by coverage. Includes indicated and selected loss ratios from the accident to policy year report, the policy year indications, and the bornhuetter-ferguson report.
Underlying Data Report Industry inception to date and latest quarter written premium, inception to date paid and incurred losses, latest quarter paid and outstanding losses, rate deviation, rate deviation expense allowance, commissions, and ceding expenses for the latest 10 policy years by coverage.