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    • Stochastic loss reserving: a new perspective from a Dirichlet model 

      Sriram, Karthik; Shi, Peng (Journal of Risk and Insurance, 2020-05-14)
      Forecasting the outstanding claim liabilities to set adequate reserves is critical for a nonlife insurer's solvency. Chain–Ladder and Bornhuetter–Ferguson are two prominent actuarial approaches used for this task. The ...