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Loss Reserving
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Download or read book Loss Reserving written by Gregory Taylor and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: All property and casualty insurers are required to carry out loss reserving as a statutory accounting function. Thus, loss reserving is an essential sphere of activity, and one with its own specialized body of knowledge. While few books have been devoted to the topic, the amount of published research literature on loss reserving has almost doubled in size during the last fifteen years. Greg Taylor's book aims to provide a comprehensive, state-of-the-art treatment of loss reserving that reflects contemporary research advances to date. Divided into two parts, the book covers both the conventional techniques widely used in practice, and more specialized loss reserving techniques employing stochastic models. Part I, Deterministic Models, covers very practical issues through the abundant use of numerical examples that fully develop the techniques under consideration. Part II, Stochastic Models, begins with a chapter that sets up the additional theoretical material needed to illustrate stochastic modeling. The remaining chapters in Part II are self-contained, and thus can be approached independently of each other. A special feature of the book is the use throughout of a single real life data set to illustrate the numerical examples and new techniques presented. The data set illustrates most of the difficult situations presented in actuarial practice. This book will meet the needs for a reference work as well as for a textbook on loss reserving.
Book Synopsis Handbook on Loss Reserving by : Michael Radtke
Download or read book Handbook on Loss Reserving written by Michael Radtke and published by Springer. This book was released on 2016-10-26 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook presents the basic aspects of actuarial loss reserving. Besides the traditional methods, it also includes a description of more recent ones and a discussion of certain problems occurring in actuarial practice, like inflation, scarce data, large claims, slow loss development, the use of market statistics, the need for simulation techniques and the task of calculating best estimates and ranges of future losses. In property and casualty insurance the provisions for payment obligations from losses that have occurred but have not yet been settled usually constitute the largest item on the liabilities side of an insurer's balance sheet. For this reason, the determination and evaluation of these loss reserves is of considerable economic importance for every property and casualty insurer. Actuarial students, academics as well as practicing actuaries will benefit from this overview of the most important actuarial methods of loss reserving by developing an understanding of the underlying stochastic models and how to practically solve some problems which may occur in actuarial practice.
Book Synopsis Introduction to Ratemaking and Loss Reserving for Property and Casualty Insurance by : Robert L. Brown
Download or read book Introduction to Ratemaking and Loss Reserving for Property and Casualty Insurance written by Robert L. Brown and published by ACTEX Publications. This book was released on 2007 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Introduction to Ratemaking and Loss Reserving for Property and Casualty Insurance by : Robert L. Brown
Download or read book Introduction to Ratemaking and Loss Reserving for Property and Casualty Insurance written by Robert L. Brown and published by . This book was released on 2001-05 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Stochastic Loss Reserving Using Generalized Linear Models by : Greg Taylor
Download or read book Stochastic Loss Reserving Using Generalized Linear Models written by Greg Taylor and published by . This book was released on 2016-05-04 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this monograph, authors Greg Taylor and Gráinne McGuire discuss generalized linear models (GLM) for loss reserving, beginning with strong emphasis on the chain ladder. The chain ladder is formulated in a GLM context, as is the statistical distribution of the loss reserve. This structure is then used to test the need for departure from the chain ladder model and to consider natural extensions of the chain ladder model that lend themselves to the GLM framework.
Book Synopsis Loss Reserving-property/casualty Insurance by : Timothy M. Peterson
Download or read book Loss Reserving-property/casualty Insurance written by Timothy M. Peterson and published by . This book was released on 1981 with total page 568 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Loss Reserving Methods by : J. van Eeghen
Download or read book Loss Reserving Methods written by J. van Eeghen and published by . This book was released on 1981 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Introduction to Ratemaking and Loss Reserving for Property and Casualty Insurance by : Robert L. Brown
Download or read book Introduction to Ratemaking and Loss Reserving for Property and Casualty Insurance written by Robert L. Brown and published by Actex Publications. This book was released on 1993 with total page 157 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Loss Reserving by : Gregory Clive Taylor
Download or read book Loss Reserving written by Gregory Clive Taylor and published by . This book was released on 2003 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Loss Reserving written by Greg Taylor and published by . This book was released on 2015 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper reviews the development of loss reserving models over the past, classifying them according to an elementary taxonomy. The taxonomic components include (1) the algebraic structure of the model, (2) the form of its parameter estimation, (3) whether or not it is explicitly stochastic, and (4) whether or not its parameters evolve over time. Particular attention is given to one of the higher species of model, involving complex structure, optimal estimation, and evolutionary parameters. A generalisation of the Kalman filter is considered as a basis of adaptive loss reserving in this case. Real life numerical examples are provided.Some implications of this type of data analysis for loss reserving are discussed, with particular reference to the form of data set used. The use of triangular arrays is questioned, and alternatives examined. Again, real life numerical examples are provided.
Book Synopsis Property/casualty Insurance Loss Reserving Practices by : Ernst & Ernst
Download or read book Property/casualty Insurance Loss Reserving Practices written by Ernst & Ernst and published by . This book was released on 1978 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Loss Reserving written by Greg Taylor and published by . This book was released on 2015 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper reviews the development of loss reserving models over the past, classifying them according to an elementary taxonomy. The taxonomic components include (1) the algebraic structure of the model, (2) the form of its parameter estimation, (3) whether or not it is explicitly stochastic, and (4) whether or not its parameters evolve over time. Particular attention is given to one of the higher species of model, involving complex structure, optimal estimation, and evolutionary parameters. A generalisation of the Kalman filter is considered as a basis of adaptive loss reserving in this case. Real life numerical examples are provided.Some implications of this type of data analysis for loss reserving are discussed, with particular reference to the form of data set used. The use of triangular arrays is questioned, and alternatives examined. Again, real life numerical examples are provided.
Book Synopsis Stochastic Claims Reserving Methods in Insurance by : Mario V. Wüthrich
Download or read book Stochastic Claims Reserving Methods in Insurance written by Mario V. Wüthrich and published by John Wiley & Sons. This book was released on 2008-04-30 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Solutions Manual for Introduction to Ratemaking and Loss Reserving for Property and Casualty Insurance by : Robert L. Brown
Download or read book Solutions Manual for Introduction to Ratemaking and Loss Reserving for Property and Casualty Insurance written by Robert L. Brown and published by . This book was released on 2001 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Claims Reserving in Non-life Insurance by : Gregory Clive Taylor
Download or read book Claims Reserving in Non-life Insurance written by Gregory Clive Taylor and published by North Holland. This book was released on 1986 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Claims Reserving in General Insurance by : David Hindley
Download or read book Claims Reserving in General Insurance written by David Hindley and published by Cambridge University Press. This book was released on 2017-10-26 with total page 513 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a single comprehensive reference source covering the key material on this subject, and describing both theoretical and practical aspects.
Book Synopsis Survey of Loss Reserving Methods by : David Skurnick
Download or read book Survey of Loss Reserving Methods written by David Skurnick and published by . This book was released on 1973 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:
