Public Sector

Reserve Development Consulting

Reden & Anders can assist you with product pricing and appropriately evaluating future risks. Estimating future claim payments are essential for accurately measuring progressive’s underwriting profit and for determining whether pricing changes are needed to achieve your underwriting target.

The value of accurate estimates

Reserve estimates that are too low can lead to the conclusion that pricing is adequate when it is not, so we may fail to achieve underwriting targets in future periods, and experience unprofitable growth. Reserve estimates that are too high may limit growth and competitive opportunities.

Advancing the science of rate making

We focus on continuing to seek ways to advance the science of rate making to achieve accurate cost-based pricing at the finest level your data will support.