Modelling outstanding claims liability for workers’ compensation, general liability and automobile liability using Bayesian MCMC simulation

• Main Authors: Pan, Jin, Nyon, Yan Zheng, Zheng, Yanxiong
• Other Authors: Li Ka Ki Jackie
• Format: Final Year Project
• Language: English
• Published: 2009
• Subjects: DRNTU::Business::Finance::Actuarial science
• Online Access: http://hdl.handle.net/10356/15259
• Institution: Nanyang Technological University

The group adopts the method proposed by Li [2008] to model historical claims run-off data for three lines of business; workers’ compensation, general liability and automobile liability. The group uses one Bayesian model which is similar to the gamma model within the generalized linear models (GLMs)...