Incorporating expert opinion into a stochastic model for the chain-ladder technique

To date, much effort has been directed towards the development of stochastic models that are analogous to traditional deterministic methods. In practice, however, the traditional models are often altered to incorporate expert opinion. This paper considers the use of Bayesian models to allow practiti...

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Veröffentlicht in:	Insurance, mathematics & economics mathematics & economics, 2005-10, Vol.37 (2), p.355-370
Hauptverfasser:	Verrall, R.J., England, P.D.
Format:	Artikel
Sprache:	eng
Schlagworte:	Bayesian analysis Bayesian statistics Chain-ladder Claims reserving Risk Stochastic models Studies
Online-Zugang:	Volltext
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