Reserving & close: Triangles, IBNR, and the quarterly cycle

Less manipulation, more smart work.

Data anomalies are escalated before you start. All methods and last year’s selections are preloaded, and differences from the early close are flagged. Finally, you can spend your time on what you were credentialed to do.

Tesora reserving walkthrough

From raw data to booked IBNR, narrated.

Stop wasting time updating Excel.

Tesora automatically:

Paid loss as a percent of earned premium by age for each accident year, beside the age-to-age factors by interval.

A year-end close for a regional carrier

Their reserving actuary sent raw claim files for every line, gross, ceded and net. The workbench built the triangles, and before anyone selected a factor it flagged that gross came in below net in the data supplied, saving the actuary hours of selecting on erroneous data. Once finance sent the corrected numbers, Tesora restored the actuary’s notes from last quarter and got to work on indications, showing movement from prior. The starting point for the actuary was the trends the AI had flagged, and they got to the year-over-year review days earlier than in prior studies.

Try Tesora on your next close

Bring last quarter’s close.

Run the next quarter in parallel and see what life can look like with extra help around the close.

Creates triangles

Detects anomalies

Carries notes over from the prior period

Fits a curve to the tail

Flags trends

Helps with selections