Practical Considerations for Reserving for Emerging Mass Tort Exposure

The session will summarize recent developments in mass torts (e.g. sexual abuse/molestation, opioids, etc.) as well as explain the challenges that reserving for these events poses due to the lack of credible development history. Also, the session will discuss some methods that the industry is using to leverage information from the claims, legal, and underwriting departments to estimate IBNR for these exposures.

  • Date:Tuesday, September 14
  • Time:2:15 PM - 3:30 PM EDT
  • Session Type:Concurrent Session
  • Session Code:LOB-6
  • Learning Objective 1:Understand the recent developments in mass torts.
  • Learning Objective 2:Understand the challenges of evaluating the liability of mass torts.
  • Learning Objective 3:Use methodologies that the industry is using to estimate IBNR for these exposures.
  • Level of Knowledge:Level 2: General knowledge of the subject
  • Moderator:Sylvia Yang