Welcome to Insurance Covered, the podcast that covers everything insurance.
In this episode, Peter Mansfield speaks with Harriet Hughes, an actuary with extensive experience in the insurance industry. They delve into the role of actuaries, exploring how they quantify future uncertainties and assess risks across various sectors, including property and legal entities. Harriet shares her journey from studying mathematics to becoming a reserving lead at Liberty Mutual Insurance, emphasizing the importance of actuarial work in predicting the ultimate value of claims and ensuring insurers maintain profitability. The conversation also touches on the challenges actuaries face, such as estimating incurred but not reported claims (IBNR) and the need for expert judgment in a volatile environment.
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