Discontinued — last reported Q4 '20
Products & Services · Prior years
Construction Product Line — Prior years
Analysis
StatementSegment
CategoryRisk
SignalHigher is better
VolatilityModerate
First reportedQ1 2020
Last reportedQ4 2020
How to read this metric
A decrease in prior year reserves (favorable development) suggests that initial loss estimates were conservative, while an increase (adverse development) indicates that claims are settling for more than originally anticipated.
Detailed definition
This metric represents the development of loss reserves for the construction insurance product line originating from und...
Peer comparison
Peers in the specialty insurance sector report similar reserve development metrics, often categorized by line of business, to demonstrate underwriting discipline and actuarial accuracy.
Metric ID:
acgl_segment_construction_product_line_prior_yearsSimilar Metrics at Other Companies
Frequently Asked Questions
- What does construction product line — prior years mean?
- This metric tracks changes in the estimated costs of insurance claims from previous years for construction-related policies.