Loss reserving using growth curve modeling

Loss reserving using loss aversion functions

This article discusses the determination of risk capital based on “aversion” functions. Aversion functions weigh different outcomes according to perceived severity. Many practical and popular risk measures are usefully viewed in terms of aversion functions including those arising from distortion operators and risk margin loadings. The approach of this paper builds on, unifies,and extends existi...

Dependent Loss Reserving Using Copulas

Modeling the dependence among multiple loss triangles has important implications for the determination of loss reserves, a critical element of risk management and capital allocation practices of property-casualty insurers. In this article, we propose a copula regression model for dependent lines of business that can be used to predict unpaid losses and hence determine loss reserves. The propose...

Using Expected Loss Ratios in Reserving

Analysis of Microtubules using Growth Curve Modeling

Latent Growth Curve Modeling

A fundamental observation in the social and behavioral sciences is that people change over time, but not necessarily in the same way or at the same rate. For example, verbal ability increases steadily throughout the elementary school years, but it does not increase at the same rate for all students. There are individual differences in the rate and direction of change in many contexts, and these...