Watching Africa from a plane

I wrote this 8 or 9 days ago, while on a plane and am just now getting around to posting it. It'€™s either 7:12 PM Friday or 2:12 AM Saturday. I'€™m somewhere over the Mediterranean, having just passed over Tunisia. Sunrise will happen too late for me to see the Sahara. It's a mass of [...]

Reserve Musings

Some further musings about loss reserving. 1. Why do we develop reported losses? By definition, they're correlated to paid (Reported = Paid + Case). Does a projection of reported losses convey anything new and meaningful to us? Here's a simple experiment: project reported and paid using whatever means you think are appropriate. Take the projected [...]