title = "Reserve Management"

content = """
Reserve management involves the ongoing assessment and adjustment of financial reserves to reflect current loss estimates, ensuring adequate funds for claim settlement while optimizing insurer financial performance.

**Initial Reserve Setting:** Establish case reserves based on preliminary loss information, historical data, and industry benchmarks. Consider worst-case scenarios while avoiding excessive conservatism.

**Reserve Categories:** Maintain separate reserves for indemnity (loss payment) and expense (investigation and administration) components. Track allocated and unallocated reserves appropriately.

**Ongoing Evaluation:** Regularly reassess reserves as new information becomes available including damage assessments, medical reports, and negotiation developments.

**Reserve Adjustments:** Increase reserves when loss estimates grow due to expanded damages or prolonged litigation. Decrease reserves when settlements occur below established amounts.

**Bulk Reserve Analysis:** Perform periodic portfolio analysis to identify reserve adequacy across claim categories and adjust bulk reserves accordingly.

**Reporting Requirements:** Provide accurate reserve information for financial reporting and regulatory compliance. Support reserve positions with documented rationale and supporting data.

**Reserve Discipline:** Maintain consistent reserve practices across claims personnel while allowing appropriate professional judgment for unique claim circumstances.
"""

version = "0.0.1"
