Written by John Kerper
Reserving for Automobile Warranty and Other Long Duration Contracts (Session at 2002 CLRS)-Unearned premium reserves for long duration contracts can be substantial liabilities on the financial statements for many property and liability insurance companies. This session will investigate reserving techniques and philosophies for unearned premium reserves for automobile warranty and other long-term policies. In addition, the session will facilitate a discussion around unused coverages or circumstances, not strictly contemplated by the drafters of current statutory rules.
Moderator:
Wayne D. Holdredge, Principal, Tillinghast-Towers Perrin
Panelists:
Grover M. Edie, Vice President and Chief Actuary, GMAC Insurance
John H. Kerper, President, JHK Company
Paul J. Struzzieri, Consulting Actuary, Milliman USA