Construct · 1 fields · 1 citations

Mack model: a standalone construct

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Actuarial science

a distribution-free stochastic version of the chain ladder method that yields the standard error of the estimated claims reserve.

In actuarial science, Mack model refers to a distribution-free stochastic version of the chain ladder method that yields the standard error of the estimated claims reserve. This meaning comes from Mack (1993) in ASTIN Bulletin.[1]

Unit
Recovery means
Measured by

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Nearby constructs

chain ladder method1 fields · 1 citationsanchor · a standalone construct chain3 fields · 3 citationsjingle · one word, three constructs error4 fields · 8 citationsjingle · one word, four constructs

References

Mack, T. (1993). Distribution-free Calculation of the Standard Error of Chain Ladder Reserve Estimates. ASTIN Bulletin, 23(2), 213-225. https://doi.org/10.2143/ast.23.2.2005092

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