Reserving - Commercial Auto, Fire, Allied, IM

Associate Actuary Reserving – Commercial & Farm Auto Liability, Commercial Multi-Peril, General Liability1.Responsible for quarterly reserve reviews of State Auto Long Tailed Lines Business Lines products & MeridianRunoff business for 32 quarters. Peer reviewed short tailed products (Homeowners & Farmowners).2.Recommend & Implement reserve group definition changes & perform Pro Forma analysis3.Develop & update quarterly Method Estimate & AvE Summary exhibits by Product roll-up for Executive meetings4.Develop & update Prior Accid Year Impact on Cal Qtr & Cal Year Changes Recon to accounting for exec meetings5.Update in-house Excel Reserve Template & Reserve Database. Responsible for IBNR allocation to Company & ASL.6.Assist in Statement of Actuarial Opinion preparation. Responsible for Sched P Recon of Case & IBNR to Ann Statmt.7.Liaison to State Auto actuarial auditors, provide all requested information & explained discrepancies8.Investigate significant development & incur to date pattern changes with State Auto Claims & Product regarding\claims handling, underwriting, or targeted sales growth changes. Share Loss Development & Trend selections9.Describe & explain Trend & Loss Ratio selections in annual loss Planning process & quarterly updates of projection.

1.Managed 3 consultants responsible for bi-annual financial loss planning, Annual expense and reinsurance reviews, monthly rate change history & indication by state reports for monitoring, Quarterly By Peril trends & Indications & Annual Layer of Loss deductible study, Improve statewide and territory indication methodology2.Review & recommend goal state Rate Variable Factors for new rate plan based on multivariate study research3.Considered Subject Matter Expert on Weather Methodology, Reinsurance, Expenses, Loss Planning, Dwelling Fire4.Used 25 year loss costs by hurricane, cat, weather & non-weather to encourage & model the shift to use Wind/Hail and Winter Storm RMS Model data in rate indications5.Used Claim level data to recommend and implement surcharge points & rate factors for prior claims in class plan.