Loss Development Fundamentals

Loss development is the process by which insurance claims evolve from initial reporting to ultimate settlement. A claim reported at $50K may settle at $200K years later. Predicting this development pattern — and when it deviates from historical norms — is central to accurate reserving and pricing.

AI-Assisted Triangle Analysis

Analyzing Development Triangles ` Here is a paid loss development triangle for our commercial auto liability book (accident years 2018-2024, evaluated quarterly):

[Paste triangle data or describe its structure]