We have a few new property and liability segments that our company is entering. For now, I have either similar lines or benchmark data that I am using to create development factors for reserving. At some point, I expect us to have enough volume/history to rely on our own experience, but I’m not aware of standard procedures to make that transtion.
In pricing, they have limited fluctuation measures, etc. to credibility weight your own experience with the industry experience, or to determine when you can fully rely on your experience for rating. Does anything similar exist in a reserving framework?