SIGMA updates loss map graphic
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
- Detailing the two components of IBNR
For more information contact SIGMA.