SIGMA has announced that an updated version of one of its most popular educational resources, the loss map graphic, is now available.
As part of the revision process, this one-page document has been expanded to include helpful definitions for the components involved in estimating ultimate losses.
The loss map assists companies with:
Visualizing the flow of how each component builds to an ultimate loss estimate
Isolating the components obtained from a loss run versus those derived through actuarial analytics