A Chain-Ladder Analysis of P&I Claims - 2021
DOI:
https://doi.org/10.14738/abr.116.14871Keywords:
claim, CL method, run-off triangle, claim reserving, P. & IAbstract
According to the latest Market Review for 2021/2022 prepared by Lockton: The latest financial results from the International Group of P&I Clubs suggests that we are now in the full swing of a hardening market with premium rises due to be requested over the next year or, perhaps, longer – whether this be due to individual Club performance or the renewal of the International Group General Excess of Loss programme, or both.
References
Berketis, Nicholas, G., (2019), “A Chain-Ladder Analysis of P&I Claims”, Journal of International Business and Economics, December, Vol. 7, No. 2, pp. 47-59 ISSN: 374-2208 (Print), 2374-2194 (Online). ISSN: 2374-2194 http://jibenet.com/journals/jibe/Vol_7_No_2_December_2019/5.pdf
Berketis, Nicholas, G., (2020), “A Chain-Ladder Analysis of P&I Claims”, Journal of Mathematics and Statistical Science (ISSN 2411-2518 USA), Vol.6, Issue 4, pp. 123-139 | Science Signpost Publishing http://www.ss-pub.org/wp- content/uploads/2020/04/JMSS2019103001.pdf
Berketis, Nicholas, G., (2020), “A Chain-Ladder Analysis of P&I Claims”, Archives of Business Research (ABR), tUnmKEEwkIsLNchHujtVU/view
Carrato, Alessandro, Concina, Fabio, Gesmann, Markus, Murphy, Dan, Wuthrich, Mario & Zhang, Wayne, (2018), “Claims Reserving with R: ChainLadder-0.2.9 Package Vignette”, 6, December.
England, P. D., & Verrall, Richard J., (2002), “Stochastic Claims Reserving in General Insurance”, Presented to the Institute of Actuaries, 28 January.
Lockton, (2021), “P&I Market Review 2021-2022”.
Mack, Thomas, (1993), “Distribution-free Calculation of the Standard Error of Chain Ladder Reserve Estimates”, ASTIN Bulletin, Vol. 23(2):213– 225.
Mack, Thomas, (1999), “The Standard Error of Chain Ladder Reserve Estimates: Recursive Calculation and Inclusion of a Tail Factor”. ASTIN Bulletin, Vol. 29(2): 361-366.
Merz, Michael and Mario V. W¨uthrich, (2014), “Claims Run-off Uncertainty: The Full Picture”, SSRN Manuscript, 2524352.
http://opensourcesoftware.casact.org/chain-ladder
Weindorfer, Bjorn, (2012), “A Practical Guide to the Use of the Chain-Ladder Method for Determining Technical Provisions for Outstanding Reporting Claims in Non-Life Insurance”, Working papers series by University of Applied science BFI Vienna, October, No. 77/2012. Presented on 06/05/2022 at the 3rd Conference of the Cyprus Statistical Society, Technical University of Cyprus, ii Limassol, Cyprus. Mack, Thomas, (1993), “Distribution-free Calculation of the Standard Error of Chain Ladder Reserve Estimates”, iii ASTIN Bulletin, Vol. 23(2): 213– 225. Mack, Thomas, (1999), “The Standard Error of Chain Ladder Reserve Estimates: Recursive Calculation and iv Inclusion of a Tail Factor”. ASTIN Bulletin, Vol. 29(2): 361-366. England, P. D., & Verrall, Richard J., (2002), “Stochastic Claims Reserving in General Insurance”, Presented to the Institute of Actuaries, 28 January.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2023 Nicholas G. Berketis

This work is licensed under a Creative Commons Attribution 4.0 International License.