Best Practices for Property and Casualty Actuarial Reserving Departments

Best in class actuarial departments not only provide quality actuarial work products, they are also able to communicate useful information to business leaders to enable better business decisions. It is essential to communicate so that the business leaders understand the information conveyed and are able to take action based upon it. Simply providing information is not sufficient, the best actuarial departments make sure that the business leaders understand the message and take action based on the message.