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IFoA September 2020 Examinations Update

May 27, 2020
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The IFoA recently moved from centre-based examinations to online delivery in April during unprecedented global circumstances.As per the IFoA, this move to online examinations was successful, with over 10,000 exams sat and candidates reporting high levels of satisfaction via their April 2020 Post-Examinations survey.  IFoA …

Insurers Focused on Solutions, Assisting Consumers Impacted by COVID-19

March 21, 2020
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David A. Sampson, president and CEO of the American Property Casualty Insurance Association (APCIA) issued the following statement: “The property casualty industry is an essential stabilizing force in America. We have always been a part of solving some of the greatest challenges facing America, especially during …

Ultimate Net Loss, third party recovery, reinsurance recovery, salvage

Ultimate Net Loss

May 19, 2019
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What is Ultimate Net Loss For Insurer, the loss is when a claim is received. However, that is not the only aspect to consider while calculation of loss reserves or generally analyzing the data. The Ultimate Net loss is the loss retained with the company …