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Tuesday, August 3 • 2:30pm - 4:00pm
5D1 Operational risk losses and reserving behavior of P&C insurers

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JC Marais, University of Georgia; David Eckles, University of Georgia

Reserving behavior of property and casualty insurance firms that have experienced financial losses as a result of operational risk events are compared with firms that did not experience such losses. It is found that firms that experienced operational risk losses exhibit reserving behavior that is materially and persistently different from that of their peers. Preliminary analyses suggest that the dissimilarity in behavior is due to different risk cultures and that reserving practice is indeed influenced by the source of singular operational risk events.

Discussant
avatar for Yu(Rainie) Fang

Yu(Rainie) Fang

Temple University

Presenters
DE

David Eckles

University of Georgia
JM

JC Marais

University of Georgia



Tuesday August 3, 2021 2:30pm - 4:00pm EDT