Texas Department of Insurance Licenses Cognalysis™ Reserving System

November 19, 2010

Saint Paul, MN – November 19, 2010. Christopher Gross Consulting, Inc. is pleased to announce that the Texas Department of Insurance is licensing the Cognalysis™ Reserving System, to assist with the Department’s analysis, as it pertains to financial solvency regulation of property casualty insurance companies.

The Cognalysis™ Reserving System is a tool used in the estimation of loss reserves in property casualty insurance. It provides a unique perspective on a wide variety of related loss development topics and assists actuaries not only with the development of point estimates, but with ranges of uncertainty as well.

“I like using the Cognalysis™ Reserving System because it is user friendly, includes statistical analysis to identify patterns in the data and optimize the weighting of reserve methods, and provides a unique tool for estimation of reserve ranges” said Jennifer Wu, P&C Actuary, at the Texas Department of Insurance.

About Christopher Gross Consulting, Inc.
Christopher Gross Consulting, Inc. is an actuarial consulting company located in St. Paul, Minnesota. They provide analytical services and software solutions to their clients on a broad range of issues relating to the understanding and managing of risk.

Chris Gross, President
Christopher Gross Consulting, Inc.

Christopher Consulting logo

Was this article valuable?

Here are more articles you may enjoy.