Schedule P brings together loss experience across accident years and lines of business, showing how reported losses develop as claims are paid and estimates change. This course explains the structure of Schedule P, the difference between accident-year and calendar-year reporting, and how to read basic loss-development triangles.
You will examine favorable and adverse development, consider why prior-year estimates change, and connect development patterns to questions about reserve adequacy. The emphasis is on interpreting the reported information and understanding the questions it raises for accountants, actuarial teams, and regulatory reviewers.
By the end of this course, you will be able to:
Reviewing Schedule P requires more than checking that the numbers agree. You need to understand what changed, which accident years and lines of business are driving the movement, and what needs further explanation.
This course helps you recognize development patterns that warrant follow-up, ask more focused questions of claims and actuarial colleagues, and explain prior-year development more clearly to managers and reviewers. It also helps you distinguish what the reported pattern shows from what requires additional analysis before drawing a conclusion about reserve adequacy.
You will receive a confirmation email after registering, along with email reminders one day and one hour before the course.
If you do not receive your confirmation or reminder emails, please check your spam folder. If they are not there, contact us for assistance at academy@arcstrategicservices.com or (239) 421-5300. You may also contact us for any concerns or complaints.
Please see our refund and cancellation policy for additional information.
TAC4 Solutions LLC dba ARC Academy is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
Deep Dive into Notes to Financials for P&C Reporting
Connect loss development to reserve-related disclosures, changes in estimates, and consistency between P&C notes, financial statements, and schedules.
