Analysis of Insurance Claim Settlement Process with Markovian Arrival Processes
نویسندگان
چکیده
منابع مشابه
Analysis of Insurance Claim Settlement Process with Markovian Arrival Processes
This paper proposes a model for the claim occurrence, reporting, and handling process of insurance companies. It is assumed that insurance claims occur according to a Markovian arrival process. An incurred claim goes through some stages of a claim reporting and handling process, such as Incurred But Not Reported (IBNR), Reported But Not Settled (RBNS) and Settled (S). We derive formulas for the...
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ژورنال
عنوان ژورنال: Risks
سال: 2016
ISSN: 2227-9091
DOI: 10.3390/risks4010006