Expert choice for claims reserving
When you want to find claims reserving, you may need to consider between many choices. Finding the best claims reserving is not an easy task. In this post, we create a very short list about top 7 the best claims reserving for you. You can check detail product features, product specifications and also our voting for each product. Let’s start with following top 7 claims reserving:
Best claims reserving
![Incorporating expert opinion into a stochastic model for the chain-ladder technique [An article from: Insurance Mathematics and Economics]](https://images-na.ssl-images-amazon.com/images/I/51TSCGR0EVL.jpg)
1. Claims Reserving in General Insurance (International Series on Actuarial Science)
Description
This is a comprehensive and accessible reference source that documents the theoretical and practical aspects of all the key deterministic and stochastic reserving methods that have been developed for use in general insurance. Worked examples and mathematical details are included, along with many of the broader topics associated with reserving in practice. The key features of reserving in a range of different contexts in the UK and elsewhere are also covered. The book contains material that will appeal to anyone with an interest in claims reserving. It can be used as a learning resource for actuarial students who are studying the relevant parts of their professional bodies' examinations, as well as by others who are new to the subject. More experienced insurance and other professionals can use the book to refresh or expand their knowledge in any of the wide range of reserving topics covered in the book.2. Stochastic Claims Reserving Methods in Insurance
Description
Claims reserving is central to the insurance industry. Insurance liabilities depend on a number of different risk factors which need to be predicted accurately. This prediction of risk factors and outstanding loss liabilities is the core for pricing insurance products, determining the profitability of an insurance company and for considering the financial strength (solvency) of the company.Following several high-profile company insolvencies, regulatory requirements have moved towards a risk-adjusted basis which has lead to the Solvency II developments. The key focus in the new regime is that financial companies need to analyze adverse developments in their portfolios. Reserving actuaries now have to not only estimate reserves for the outstanding loss liabilities but also to quantify possible shortfalls in these reserves that may lead to potential losses. Such an analysis requires stochastic modeling of loss liability cash flows and it can only be done within a stochastic framework. Therefore stochastic loss liability modeling and quantifying prediction uncertainties has become standard under the new legal framework for the financial industry.
This book covers all the mathematical theory and practical guidance needed in order to adhere to these stochastic techniques. Starting with the basic mathematical methods, working right through to the latest developments relevant for practical applications; readers will find out how to estimate total claims reserves while at the same time predicting errors and uncertainty are quantified. Accompanying datasets demonstrate all the techniques, which are easily implemented in a spreadsheet. A practical and essential guide, this book is a must-read in the light of the new solvency requirements for the whole insurance industry.
3. Bayesian Claims Reserving Methods in Non-life Insurance with Stan: An Introduction
Description
This book first provides a review of various aspects of Bayesian statistics. It then investigates three types of claims reserving models in the Bayesian framework: chain ladder models, basis expansion models involving a tail factor, and multivariate copula models. For the Bayesian inferential methods, this book largely relies on Stan, a specialized software environment which applies Hamiltonian Monte Carlo method and variational Bayes.4. Non-life claims reserving methods randomness(Chinese Edition)
5. Reserving and its types: (i) average cost per claim method,(ii) the basic chain ladder method and (iii) Bornhuetter-Fergus
Description
Reserving is one of the concepts in insurance industry. Reserving helps the insurer to meet the future losses and the liabilities for the insured in case of claim settlements. The most common purpose to calculate a reserve are to determine liabilities to be shown in the insurers published accounts if separate accounts have to be prepared for the purpose of supervision of solvency, to determine the liabilities to be shown in those accounts to determine the liabilities to be shown in internal management accounts, business plans and budgets to provide an independent opinion on the reasonableness or adequacy of the reserves booked by the insurer. to provide information to management as to how areas of the business are performing, and provide an indication as to the profitability of business currently being written to estimate the claims costs incurred in recent periods as an intermediate step in the rating process. to value the insurer for purchase or sale given that any estimated surplus or deficit in the booked reserves will directly affect the valuation of the company to negotiate a commutation for the buyer or seller6. Fuzzy Set Theory with Applications in Claims Reserving
7. Incorporating expert opinion into a stochastic model for the chain-ladder technique [An article from: Insurance Mathematics and Economics]
Recent Comments