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Insurance Risk

Risk of loss arising from mortality and unpaid claims

Development triangle, chain ladder, expected claims, Bornhuetter-Fergurson, and Cape Cod are important unpaid claims estimation techniques. Life tables compute probabilities, hazards, or survivor counts using mortality models.

Frequently Viewed Topics

Overview of Claims Estimation Methods for Non-Life Insurance

Categories

Development Triangle
Create a development triangle model and run suite of tools
Chain Ladder Technique
Create a chain ladder model and run suite of tools
Expected Claims Technique
Create an expected claims model and run suite of tools
Bornhuetter-Ferguson Technique
Create a Bornhuetter-Ferguson model and run suite of tools
Cape Cod Technique
Create a Cape Cod model and run suite of tools
Life Tables
Life tables compute probabilities, hazards, or survivor counts based on mortality models using Financial Toolbox™

Featured Examples

Mean Square Error of Prediction for Estimated Ultimate Claims

Mean Square Error of Prediction for Estimated Ultimate Claims

A workflow for estimating ultimate claims using a developmentTriangle object with simulated reported claims and then calculating the corresponding mean square error of prediction (MSEP).

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Bootstrap Using Chain Ladder Method

Bootstrap Using Chain Ladder Method

Apply a chain ladder bootstrap method to generate several developmentTriangle objects to estimate the ultimate claims.

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Forecast Mortality Trends Using Lee-Carter Model

Forecast Mortality Trends Using Lee-Carter Model

Forecast trends in mortality using the Lee-Carter method with an ARIMA model.

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