Home Office Review
Policyholders are identified for home office review based upon:
- Payments in excess of specified threshold (currently $100,000)
- Perceived level of exposure
- Number of reported claims
- Products / completed operations and potential “non-product” exposures
- Size of the policyholder
- Geographic distribution of products or services sold by the policyholder
All case reserves are established in the field
All IBNR reserves are established in home office
- Approximately 125 policyholders are individually reserved
- All remaining policyholders, both known and currently unknown, are included in actuarial estimates
Characteristics and Reserving Methods: