Success Stories

Case Studies

Monthly Report Leads to More Accurate Projections

The Situation

Our client, who carries large retentions on several liability policies, was becoming frustrated with the drastic movements of their future liabilities from one fiscal period to the next. Additionally, the client needed to be able to account for future liabilities of individual claims as they matured.

The INSURICA Solution

By working with the company's CFO and their insurers, INSURICA is now able to provide monthly reports detailing all paid, reserve and incurred claim amounts, separated by each line of business and loss triangles, which track the client's loss development.

The INSURICA Experience

The client is now able to review their monthly claim amount changes, as well as apply loss development factors to current claims. This, in turn, allows them to make more accurate incurred claim amount projections and better estimates of future liabilities can now be booked in their current fiscal periods.