UNCERTAINTY OF THE CLAIMS DEVELOPMENT RESULT

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Authors

  • Rümeysa KARATAŞ

Keywords:

Stochastic loss reserving, claims development result, chain ladder method, loss experience, ultimate claim, solvency

Abstract

Claims development result is difference between two consecutive estimates for total ultimate loss. Claims development result appear in the profit and loss acount at the end of period concerned. It is very important for insurance companies to calculate and determine these values. In this study, we analyze claims development result and its prediction uncertainty. We calculate reserves for two different reserve methods (chain ladder and additive loss reserving method). In conclusion, we compare results for these reserve methods.

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Published

2020-09-09

How to Cite

KARATAŞ, R. (2020). UNCERTAINTY OF THE CLAIMS DEVELOPMENT RESULT. International Journal of Natural and Engineering Sciences, 14(2), 54–63. Retrieved from https://ijnes.org/index.php/ijnes/article/view/673

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Articles