Keywords and Phrases
Actuarial; Claim; Estimator; Insurance
"In this thesis, we presented in detail different aspects of Verrall's chain ladder method and their advantages and disadvantages. Insurance companies must ensure there are enough reserves to cover future claims. To that end, it is useful to estimate mean expected losses. The chain ladder technique under a general linear model is the most widely used method for such estimation in property and casualty insurance. Verrall's chain ladder technique develops estimators for loss development ratios, mean expected ultimate claims, Bayesian premiums, and Bühlmann credibility premiums. The chain ladder technique can be used to estimate loss development in cases where data has been collected from a population but the statistician has no information on which to base a parametric prior distribution (empirical Bayesian estimation)."--Abstract, page iii.
Gelles, Gregory M.
Samaranayake, V. A.
Mathematics and Statistics
M.S. in Applied Mathematics
Missouri University of Science and Technology
viii, 48 pages
© 2015 Netanya Lee Martin, All rights reserved.
Thesis - Open Access
Library of Congress Subject Headings
Risk management -- Mathematical models
Insurance claims -- Mathematical models
Electronic OCLC #
Link to Catalog Recordhttp://laurel.lso.missouri.edu/record=b10848590~S5
Martin, Netanya Lee, "Application of loglinear models to claims triangle runoff data" (2015). Masters Theses. 7406.