Construct · 1 fields · 1 citations

stochastic claims reserving: a standalone construct

One name. One construct. A landmark on the map.

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stochasticclaims reserving1 CONSTRUCTStochastic claimsENGLAND · ACTUARIAL SCIENCE

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Actuarial science

modelling outstanding claims liabilities with explicit probability models so that reserve estimates come with measures of their uncertainty.

In actuarial science, stochastic claims reserving refers to modelling outstanding claims liabilities with explicit probability models so that reserve estimates come with measures of their uncertainty. This meaning comes from England (2002) in British Actuarial Journal.[1]

Unit
Recovery means
Measured by

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chain ladder method1 fields · 1 citationsanchor · a standalone construct

References

  1. England, P. D., & Verrall, R. J. (2002). Stochastic Claims Reserving in General Insurance. British Actuarial Journal, 8(3), 443-518. https://doi.org/10.1017/s1357321700003809

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