Loss reserving in the future

Innovation in a rapidly changing world

Chris Nyce

Chris Nyce

Principal, Advisory, Actuarial, KPMG US

+1 610-341-4803

A leap forward in reserving and reporting processes is achievable with reasonable effort, existing technologies, and moderate cost without long-term or large projects. With proper design, this innovation can be implemented within well-controlled financial reporting processes. Not only can these innovations provide significantly more insight, but can do so within more efficient cost structures. A company acting on these more timely insights holds significant competitive advantage while peers who are left behind strive to catch up to the innovation.