The purpose of this paper is to examine the impact of internal and external factors on the ratio of outstanding claims in those banks which are accepted in Tehran Stock Exchange. For this purpose, we used the data obtained from 8 banks and credit institution active in the Tehran Stock Exchange and using data regression panel.  The present survey was examined over the period 2011 till 2015. The ...

the purpose of this paper is to examine the impact of internal and external factors on the ratio of outstanding claims in those banks which are accepted in tehran stock exchange. for this purpose, we used the data obtained from 8 banks and credit institution active in the tehran stock exchange and using data regression panel.  the present survey was examined over the period 2011 till 2015. the ...

This paper presents a discrete time model for the estimation of outstanding claims that comprises delay in two dimensions: reporting delay and valuation delay. This model allows a strict distinction between the cost of reported claims and the cost of unreported claims.

When a given process is seasonal and the seasonal pattern is stable the proportion of events that occur in a given fraction of the total period of the seasonality is constant over time. In this paper we present an application of Bayesian forecasting methods with stable seasonal patterns to insurance claims; specifically to claims incurred but not yet reported, IBNR. We assume that the time it t...

Building reserves for outstanding liabilities is an important issue in the financial statement of any insurance company. In this paper we present a new model for delay in claim settlement and to predict IBNR (incurred but not reported) claims. The modelling is based on a data set of a portfolio of car liability data, which describes the claim settlement of a car insurance portfolio. The data co...

In old accounting tradition, non-life insurance companies have estimated nominal claims reserves for their outstanding loss liabilities. The new Solvency II developments require from non-life insurance companies that they go over to a market-consistent valuation of their insurance liabilities (full balance sheet approach) and that they prove solvency on a yearly basis. As a consequence non-life...

The variability of chain ladder reserve estimates is quantified without assuming any specific claims amount distribution function. This is done by establishing a formula for the socalled standard error which is an estimate for the standard deviation of the outstanding claims reserve. The information necessary for this purpose is extracted only from the usual chain ladder formulae. With the stan...