Abstract

In this paper we describe a new approach to modelling the development of claims run-off triangles. This method replaces the usual adhoc practical process of extrapolating a development pattern to obtain tail factors with an objective procedure. An example is given, illustrating the results in a practical context, and the WinBUGS code is supplied.

Publication Type:	Article
Subjects:	H Social Sciences > HG Finance
Departments:	Bayes Business School > Actuarial Science & Insurance
Related URLs:	Author

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