Problems in Motor Insurance — Claim Reserves

Calculating Insurance Claim Reserves with Hybrid Fuzzy Least Squares Regression Analysis

The prediction of an adequate amount of claim reserves is of the greatest importance to face the responsibilities assumed by an insurance company. Although many different deterministic and stochastic methods based on statistical analyses are used for claims analysis, presence of many internal and external factors that increase the uncertainty in insurance environment may lead to considerable lo...

Bayesian Estimation of Outstanding Claim Reserves

In this paper we present an application of Bayesian forecasting methods to outstanding insurance claims. We assume that the time it takes for the claims to be completely paid is fixed and known, that payments are made annually and that the development of partial payments follow a stable pay-off pattern, from one year of origin to another. We present a Bayesian approach to forecasting either the...

AIDS-related insurance claim experience.

Fuzzy claim reserving in non-life insurance

This paper develops several expressions to quantify claim provisions to account in financial statements of a non-life insurance company under the hypothesis of a fuzzy environment. Concretely, by applying the expected value of a fuzzy number and the more general concept of value of a fuzzy number to the ANOVA claim predicting model [2] we estimate claim reserves to account in insurer’s balance ...

The Regulation of Insurance Claim Practices

Insurance claim practices determine the extent to which insurers will or will not honor their promises. This Article describes the failure in the market for claim practices, the failure of the regulatory responses to that failure, and the ways in which litigation can provide a partial corrective. The Article explains why the market fails to guarantee fair claim practices, how market forces migh...