APPLICATION OF COPULA IN CLAIM RESERVE ESTIMATION FOR CORRELATED PAID AND INCURRED RUNOFF WITHIN GENERAL INSURANCE BUSINESS
General insurance companies need to set claim reserve in order to pay IBNR (Incurred But Not Reported) claims. Various methods have been developed to estimate claim reserve. The most commonly used method within long-tail insurance business is Basic Chain Ladder method which analyzed in Mack (1993...
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| Format: | Final Project |
| Language: | Indonesia |
| Online Access: | https://digilib.itb.ac.id/gdl/view/67454 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |