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The chain-ladder or development [1] method is a prominent [2] [3] actuarial loss reserving technique. The chain-ladder method is used in both the property and casualty [1] [4] and health insurance [5] fields. Its intent is to estimate incurred but not reported claims and project ultimate loss amounts. [5]
Actuarial notation is a shorthand method to allow actuaries to record mathematical formulas that deal with interest rates and life tables. Traditional notation uses a halo system, where symbols are placed as superscript or subscript before or after the main letter. Example notation using the halo system can be seen below.
In actuarial science and applied probability, ruin theory (sometimes risk theory [1] or collective risk theory) uses mathematical models to describe an insurer's vulnerability to insolvency/ruin. In such models key quantities of interest are the probability of ruin, distribution of surplus immediately prior to ruin and deficit at time of ruin.
The commonly-used diagram for the Borromean rings consists of three equal circles centered at the points of an equilateral triangle, close enough together that their interiors have a common intersection (such as in a Venn diagram or the three circles used to define the Reuleaux triangle).
3. A buyer's market in the Southwest. Zillow's data indicates most "buyer's markets" in the US are in the Southeast. But it said buyers could find more opportunities in the Southwest next year as ...
The number of claims N is a random variable, which is said to have a "claim number distribution", and which can take values 0, 1, 2, .... etc..For the "Panjer recursion", the probability distribution of N has to be a member of the Panjer class, otherwise known as the (a,b,0) class of distributions.
CLEMSON — It's Election Day in the United States, but Clemson football coach Dabo Swinney's vote won't count until Friday.. Swinney said he tried voting Tuesday morning in Pickens County, South ...
Denzel Washington revealed to Esquire magazine as part of a recent cover story that he is 10 years sober. He cut off alcohol at 60 years old after a 15-year drinking pattern that started in the ...
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