Analysis includes trends in frequency, severity and burning cost for third party bodily injury claims (split by claim size); total third party property damage; and total own damage claims compared and contrasted with environmental and legislative changes. The aim this year will be to update the working party’s traditional analysis based on industry data up to 31 December 2019 and then consider emerging trends during 2020, that will, no doubt, be dominated by COVID-19, and what they might mean for reserving, pricing and possibly even capital. Introduction to the working party Eleventh iteration of the Institute and Faculty of Actuaries Third Party Working Party for Private Car Comprehensive experience. In addition to the working party’s traditional analysis of trends in frequency, severity and burning cost for: third party bodily injury claims; total third party property damage; and total own damage claims compared and contrasted with environmental and legislative changes, they have also considered the significant impact the current COVID-19 pandemic.

GIRO 2020