U.S. P&C Industry Statutory Reserve Study
Aon Benfield today releases its U.S. industry reserve adequacy study with year-end 2011 data. The study, compiled by Aon Benfield Analytics, reveals that at YE2011 insurers’ reserves were redundant by USD11.7 billion – or 2% of total booked reserves – compared with USD22.0 billion at YE2010, after the industry released USD12.7 billion of reserves during 2011. The study is based on an analysis of U.S. statutory Schedule P triangles. It builds up the total industry position from a by-line analysis.