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Escaping the triangle

Recurso electrónico / Electronic resource
MARC record
Tag12Value
LDR  00000cab a2200000 4500
001  MAP20200013495
003  MAP
005  20200423182427.0
008  200422e20190603gbr|||p |0|||b|eng d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎6
100  ‎$0‎MAPA20200008804‎$a‎Parizas, Yiannis
24510‎$a‎Escaping the triangle‎$c‎Yiannis Parizas
520  ‎$a‎When 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.
650 4‎$0‎MAPA20080537630‎$a‎IBNR
650 4‎$0‎MAPA20080556495‎$a‎Siniestros
650 4‎$0‎MAPA20080601799‎$a‎Gestión de siniestros
650 4‎$0‎MAPA20080636081‎$a‎Provisiones para siniestros pendientes de declaración
7730 ‎$w‎MAP20200013259‎$t‎The Actuary : the magazine of the Institute & Faculty of Actuaries‎$d‎London : Redactive Publishing, 2019-‎$g‎03/06/2019 Número 5 - june 2019 , p. 24-26