Cape Cod Method Example
Download Cape Cod Method Example PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Cape Cod Method Example book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages.
Stochastic Claims Reserving Methods in Insurance
Author: Mario V. Wüthrich
language: en
Publisher: John Wiley & Sons
Release Date: 2008-04-30
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.
Claims Reserving in General Insurance
Author: David Hindley
language: en
Publisher: Cambridge University Press
Release Date: 2017-10-26
This is a single comprehensive reference source covering the key material on this subject, and describing both theoretical and practical aspects.
Fundamentals of General Insurance Actuarial Analysis
Author: Jacqueline Friedland, FCIA, FCAS, MAAA
language: en
Publisher: ACTEX Publications
Release Date: 2014-01-01
This text introduces the commonly used, basic approaches for reserving and ratemaking in General Insurance. The methods are described through detailed examples that are linked from one chapter to another to illustrate their practical application. Also, professionalism requirements and standards of practice are presented to set the context for the methods and examples.