Experiences from London market, personal and commercial lines actuaries & explores the impact of Covid-19 on Reserving Process Validation. This will explore the impact on validation processes and look at the slow reaction of AvE and business planning processes, inadequate leading-edge data and reaction to potential second waves/vaccines. The key is to equip actuaries for validation in a world under stress with a robust validation framework. This needs to be achieved whilst reserving actuaries struggle with time and resource. This session will look at the lived experiences of reserving actuaries and reserving process validation through the pandemic.

GIRO 2020