Y2K Reserving

victoria.stachowski@zurich.com
Fri, 30 Apr 1999 17:40:03 +0200

There's probably been discussion on this topic but I've
missed it. Are there papers or techniques out there
for dealing with setting reserves for y2k? And a question
for the internet: are y2k triggers more due to product liability,
at which point the trigger could be when the item was made,
or in some cases, sold, (unless the coverage is claims-made),
or when the problem actually occurs, as is more likely with
business interruption? If a policy incepts at Jan 01, 2000,
at 12:01, (& a lot of them will), is the claim assigned to
the previous policy year? Does the year 2000 begin at 12:00
midnight or at 12:01?

I'm sure others have addressed this more systematically
than I -- directions / input welcome.

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