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Escaping the triangle
Recurso electrónico / Electronic resource
MAP20200013495
Parizas, Yiannis ‌
Escaping the triangle / Yiannis Parizas
Sumario: When calculating claims reserves, the market practice is to use development triangles, or modifications of this method. Recent research has suggested that non-triangle techniques are more accurate, especially for estimating reserver volatility. Estimation of Incurred But Not Reported (IBNR) for monitoring and pricing purposes often requires drilling down into data segments. Those estimations could significantly benefit from a non-triangle method. However, the market is reluctant to abandon triangle techniques, due to their satisfactory levels of accuracy and simplicity. This article examines a new triangle-free methodology for modelling IBNR claims, and explains how and where the method can be practically applied and its benefits
En: The Actuary : the magazine of the Institute & Faculty of Actuaries. - London : Redactive Publishing, 2019-. - 03/06/2019 Número 5 - june 2019 , p. 24-26
1. IBNR ‌. 2. Siniestros ‌. 3. Gestión de siniestros ‌. 4. Provisiones para siniestros pendientes de declaración ‌. I. Título.