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Claims reserving, state-space models and the Kalman filter

Published online by Cambridge University Press:  20 April 2012

Piet de Jong  and
B. Zehnwirth
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Extract

1.1. This paper describes a consistent and justifiable means of establishing adequate claims provisions in General Insurance. The topic has created widespread interest amongst actuaries, accountants and regulatory authorities. The issue of adequate provisions is of utmost importance to policyholders, whose justifiable claims must be paid, insurance companies who must be able to satisfy shareholders and make proper assessments of premiums, and regulatory authorities who must be satisfied that adequate provision has been made for all liabilities.

Type
Research Article
Information
Journal of the Institute of Actuaries , Volume 110 , Issue 1 , June 1983 , pp. 157 - 181
Copyright
Copyright © Institute and Faculty of Actuaries 1983

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