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Estimaring Ultimate Claims Using Predictive Modeling Methods Applied to Motor Insurance

العنوان المترجم: Estimating Ultimate Claims Using Predictive Modeling Methods Applied to Motor Insurance
المصدر: إدارة الاعمال
الناشر: جمعية إدارة الاعمال العربية
المؤلف الرئيسي: Osman, Ahmed Mohammed Nagy Mohamed (Author)
المجلد/العدد: ع163
محكمة: لا
الدولة: مصر
التاريخ الميلادي: 2018
الشهر: ديسمبر
الصفحات: 73 - 83
رقم MD: 932175
نوع المحتوى: بحوث ومقالات
اللغة: الإنجليزية
قواعد المعلومات: EcoLink
مواضيع:
كلمات المؤلف المفتاحية:
Technical Reserves | Non-life Insurance | Ultimate | Predictive Modelling | GLM | Compound Poisson | Gamma | Tweedy
رابط المحتوى:
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المستخلص: “The technical reserves represent the principal liabilities of an insurance company. They are established to enable the company to meet and administer its contractual obligations to policyholders'. Specific reserves are required to meet indemnity or other compensatory payments to ‘policyholders plus the associated administration costs. In addition, reserves of a contingent nature might be carried (e.g., claims equalization or catastrophe reserves) in order to provide a further buffer against adverse development of claims and to smooth the emergence of profit”. The main financial performance measures used by the stakeholders of the insurance companies depend upon the estimated value of the reserve in each financial period. The reserving process also is a fundamental issue of business management in all insurance activities. The analysis that the reserving process provides from historical claims development and risk exposure can influence the bottom line of the financials and the terms applied on future re/insurance operations and are usually the standard of decision-making, whether to update the risk appetite of the insurance company or to withdraw from insurance business entirely.