[[Actuarial Notes Wiki|Wiki]] / [[Exam 5 (CAS)]] / **Reserve Communication**
## Definition
==Reserve Communication== is the process of clearly explaining reserve estimates, methods, assumptions, and uncertainties to various stakeholders including management, boards, regulators, and investors.
## Key Elements
- Methods used
- Key assumptions
- Material changes
- Uncertainty ranges
- Significant judgments
- Data limitations
## Audiences
- Internal management
- Board of directors
- Regulators
- External auditors
- Rating agencies
- Investors
## Related Concepts
- [[Stakeholder Reporting#Definition]]
- [[Management Reporting#Definition]]
## References
- ASOP 43
- Friedland, Chapter 11