Funny Story About Selecting LDFs

My first job as an actuary in 1995 was as a summer intern at an auto insurer in Winston-Salem, NC. It used to be called Integon Insurance, but it changed names a few times over the years and now I think it's called National General Insurance. I started in the pricing department but at the end of the summer they hired me full-time and I transferred to reserving.

Anyway, one of tasks in reserving was assisting the chief actuary in making LDF selections. This was incredibly boring. We had data by accident quarter and development quarter so our triangles were huge. We were active in roughly 20 states at the time and our standard auto policy had I think 7 coverages. That's 140 huge triangles of LDFs where we had to make selections.

finish this later...