Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/113844 
Year of Publication: 
2012
Citation: 
[Journal:] Revista de Métodos Cuantitativos para la Economía y la Empresa [ISSN:] 1886-516X [Volume:] 14 [Publisher:] Universidad Pablo de Olavide [Place:] Sevilla [Year:] 2012 [Pages:] 124-136
Publisher: 
Universidad Pablo de Olavide, Sevilla
Abstract (Translated): 
Insurance companies have to estimate reserves and provisions to cover the payment of either unreported claims or unsettled claims. In this paper, we apply the Chain-Ladder method to obtain a point estimate of reserves, and then we use the bootstrap technique to estimate the margin of error and the confidence interval of the reserves. Since estimating reserves is a real problem which insurance companies have to face, its solving has a special interest for students of Actuarial Sciences. To ease the understanding and monitoring the process, the Chain-Ladder method and bootstrap is run step by step by using an Excel application designed for that purpose.
Subjects: 
bootstrap
Chain-Ladder method
reserves
insurance company
Excel
JEL: 
G22
C12
C63
Creative Commons License: 
cc-by-sa Logo
Document Type: 
Article

Files in This Item:
File
Size
509.65 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.