Loss Reserving

An Actuarial Perspective

By: Gregory Taylor

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Hardcover | 29 February 2000

At a Glance

Hardcover
408 Pages

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23.5 x 15.88 x 3.18

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All property and casualty insurers are required to carry out loss reserving as a statutory accounting function. Thus, loss reserving is an essential sphere of activity, and one with its own specialized body of knowledge. While few books have been devoted to the topic, the amount of published research literature on loss reserving has almost doubled in size during the last fifteen years.
Greg Taylor's book aims to provide a comprehensive, state-of-the-art treatment of loss reserving that reflects contemporary research advances to date. Divided into two parts, the book covers both the conventional techniques widely used in practice, and more specialized loss reserving techniques employing stochastic models. Part I, Deterministic Models, covers very practical issues through the abundant use of numerical examples that fully develop the techniques under consideration. Part II, Stochastic Models, begins with a chapter that sets up the additional theoretical material needed to illustrate stochastic modeling. The remaining chapters in Part II are self-contained, and thus can be approached independently of each other. A special feature of the book is the use throughout of a single real life data set to illustrate the numerical examples and new techniques presented. The data set illustrates most of the difficult situations presented in actuarial practice. This book will meet the needs for a reference work as well as for a textbook on loss reserving.

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Published: 2nd November 2012

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Preface
Deterministic Models
Basic Concepts
Claim Counts
Claim Amounts - Simple Models
Claim Amounts - Other Deterministic Models
Combination of Deterministic Estimates of Liability
Stochastic Models
Stochastic Techniques
Stochastic Chain Ladder
Stochastic Models with a GLM Basis
Credibility Models
Kalman Filter
Bootstrap
Final Estimates of Liability
Notation
Data for Numerical Example
Index
Table of Contents provided by Publisher. All Rights Reserved.

Loss Reserving

An Actuarial Perspective

At a Glance

Hardcover

Shipping

How to return your order

Defective items

You Can Find This Book In

Other Editions and Formats

Paperback

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