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Titlebook: Loss Reserving; An Actuarial Perspec Greg Taylor Book 2000 Springer Science+Business Media New York 2000 accounting.modeling.research.sets.

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Loss Reserving978-1-4615-4583-5Series ISSN 0924-5014
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https://doi.org/10.1007/978-1-4615-4583-5accounting; modeling; research; sets; stochastic models
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Basic ConceptsFirst, some basic terminology. This volume will be concerned with the branch of insurance known variously as:
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Claim Amounts - Simple ModelsA . is an estimate of outstanding losses in respect of an individual claim. It may also be referred to as:
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Stochastic Chain LadderThe chain ladder was introduced in Chapter 2, where three different derivations were given. Two of these, Derivations 2 and 3, had stochastic bases. For example, Derivation 2 involves a fully parametric model.
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