Actuaries and management need clean, well-organized claims data to make sound reserve decisions. We prepare the development triangles, compile the claims history, and reconcile payment records so the analytical work starts from solid ground.
Loss reserve estimates are only as good as the data going into them. When claims history is incomplete, payment records don't reconcile to the reserving ledger, or development triangles have to be built from scratch each quarter, the estimation process carries more uncertainty than it needs to.
This service provides the analytical groundwork — organized claims data, properly constructed triangles, and reconciliation schedules — so that actuaries and management can focus on the judgment calls that matter, rather than spending time on data preparation.
Triangles prepared using consistent methodology, ready to hand directly to your actuary or use in management's review process.
Claims payment data matched to reserving ledger entries, with differences identified and explained before they become a problem at disclosure time.
Documentation formatted to support financial statement disclosures — organized so the audit or examination process has what it needs without additional preparation.
For many carriers and self-insured entities, the most time-consuming part of the reserving process isn't the actuarial judgment — it's getting the data into a usable form. Pulling claims history, constructing triangles, and reconciling payments to the reserve ledger can occupy significant internal resources each quarter, often drawing on staff whose time is better spent elsewhere.
When development triangles are built differently each period — different date cutoffs, different claim groupings, different handling of reopened claims — the resulting patterns are harder to interpret and the trend analysis less reliable. Consistency in how the data is organized matters as much as the data itself.
It's common for claims payment records maintained by the claims department to diverge over time from the reserving data held in the finance ledger. Small differences accumulate. By the time disclosures need to be finalized, reconciling the two can become a significant effort — and the differences, when unexplained, tend to attract the wrong kind of attention.
We handle the analytical groundwork between the claims system and the reserving process. That means compiling claims history into a consistent format, constructing development triangles using a defined methodology, and reconciling payment records to the reserving ledger with differences documented and explained.
The output is designed to slot directly into your actuary's workflow or to support management's own reserve review process. Supporting schedules are formatted for financial statement disclosures, so the documentation is ready when the audit or examination begins — not assembled at the last moment.
This service is structured for insurance carriers and self-insured entities. It works alongside your existing actuarial relationship — we handle the data preparation layer; the actuarial judgment remains with the qualified professionals you work with.
Claims history organized by line of business, accident year, and development period — consistently structured each period so trend analysis is reliable.
Paid and incurred loss triangles prepared with consistent date cutoffs and claim groupings, ready to support loss development factor analysis.
Claims payment records matched to reserving ledger balances, with identified differences documented and resolved before financial statement preparation.
Supplemental schedules for financial statement disclosures organized and formatted to satisfy examiner and auditor requests without additional preparation.
A defined workflow aligned to your reserving calendar, with consistent output each period.
We review your claims data sources, reserving ledger structure, and existing triangle methodology to establish a consistent baseline for the work going forward.
Triangle construction parameters, claim groupings, and date cutoffs are defined and documented so the methodology is applied the same way each period.
Initial triangles, reconciliation schedules, and supporting documentation are delivered and reviewed with you to confirm they fit how your actuary or management team works.
Updated triangles and reconciliations delivered on your reserving calendar — quarterly for most entities, with additional runs aligned to annual statement preparation.
Per engagement — structured around your reserving period. Scope confirmed during discovery based on entity size and data complexity.
Entity types covered: Insurance carriers (property-casualty, specialty lines, and others) and self-insured entities. The scope of data preparation work is confirmed during the initial conversation based on your entity's size, line mix, and current data organization.
The improvement in reserving work shows up most clearly in the time the process takes and the confidence behind the estimates. When data arrives in a consistent, well-documented format, actuaries spend less time asking for clarifications and more time on analysis. Management review discussions can focus on the substance of the reserve position rather than on whether the supporting data is complete.
Over multiple periods, the consistent methodology means triangles can be compared reliably across years. Trend analysis becomes more meaningful. Explanations for development patterns are easier to identify because the data organization is stable.
The first engagement typically requires more setup work — reviewing existing data sources and establishing the methodology. Subsequent periods build on that foundation and generally proceed more efficiently.
Deliverables timed to your reserving cycle, so data is ready when your actuary or management review begins — not the week after.
Triangle construction parameters documented so the methodology can be reviewed, audited, and applied consistently across reporting periods.
Schedules formatted for financial statement disclosures, so the documentation audit-ready without an additional preparation step.
Deliverables arrive before your reserving review begins. If timing is at risk, you'll know early enough to plan around it.
Every difference between payment records and the reserving ledger is identified and explained. Unexplained variances don't leave the engagement.
If the format of the triangles or schedules doesn't work for your actuary, we adjust. The output is useful only if it fits the workflow it feeds into.
The initial conversation covers your entity structure, current data sources, and what your actuarial or management review process looks like. There's no obligation, and the scope of work is confirmed in writing before the engagement begins.
The first engagement begins with understanding your data — after that, subsequent periods are straightforward.
Reach out with a brief description of your entity type, line mix, and what your current reserving data preparation process involves.
We review your claims data sources and reserving calendar together to confirm scope, timeline, and what the deliverables will look like.
Data is compiled, triangles are built, and the first set of reconciliation schedules is delivered ahead of your reserving review.
Whether your reserving process needs better organized data inputs or your payment records and reserve ledger have drifted apart, a brief conversation is the right starting point.
Get in TouchReserve support works best when the underlying books and the outward-facing reports are also in order.
Monthly bookkeeping for insurance agencies, brokerages, and carriers — including premium receivables, commission income, claims payables, and trust account reconciliations.
Dual-basis financial statements under SAP and GAAP, including annual and quarterly statement blanks and supplemental filing schedules with ongoing regulatory monitoring.