Reserving Data Validation demo
Every claim extract checked before it becomes a loss triangle: breaks, recodes and late bookings found and explained before the actuary selects factors. 1:14
What the demo shows
A data quality solution for actuaries that checks claim extracts before they become triangles.
Six agents check each claim extract the day it lands: counts, ledger tie, reserves, reopenings, prior diagonals, dates, and every claim against last quarter. Failing segments are held before they become triangles, each break comes with the claims behind it and the change that caused it, and the reserving actuary restates, accepts or sends it back.
Transcript
- Reserving Data Validation checks claim extracts before they become lost triangles for reserving actuaries.
- Today, a silent recode surfaces weeks later, as an indication nobody can explain.
- Corrigan Bay's third quarter extract reaches the gate.
- Nine segments, eight checks each.
- Commercial auto fails. 1240 claims moved line of business since last quarter.
- The comparer matched every claim to last quarter and found a coding change behind it.
- Left alone, commercial auto reserves fall $30 million and general liability gains $33.
- Marin restates them to last quarter's coding and the lights turn green.
- The memo carries every adjustment in its claims before a single factor is selected.
- Built on Botminds: agents, data, screens, and governance on one platform.
Transcribed from the film’s narration. Captions are on the player.