β Scribed by O.A. Altenburger
No coin nor oath required. For personal study only.
Actuaries are often asked to provide a range or confidence level for the loss reserve along with a point estimate. Traditional methods of loss reserving do not provide an estimate of the variance of the estimated reserve and actuaries use various ad hoc methods to derive a range for the indicated reserve. Regression models for loss reserving are getting increasing attention in actuarial research as they provide an estimate of the variance of the loss reserve, along with a point estimate. However, these methods are rarely used in practice, both because of their complexity and the lack of their historical use. In this paper the authors use a Monte Carlo simulation method to compare loss reserve estimation methods, including traditional methods, and regression based methods of loss reserving. Their apprdach is similar to that of Stanard (S), where he compares several traditional actuarial methods using simulation techniques. However, they use different methods for simulating loss triangles, and compare the estimated reserve based on several characteristics.
π SIMILAR VOLUMES
There is in Europe growing awareness that the delivery of integrated care is required to meet the demands of an increasing number of patients with multiple problems. It is also clear that the provision of integrated care is dicult to achieve. As yet, the debate about the circumstances enabling or hi
As an experiment of face recognition, subjects of the experiments perform a samedifferent judging task based on two pictures of a face shown almost continuously. The head pictures of the model for face judgment are digitized by a 3D scanner and only light and dark (black and white) images are used,