Abstract
This paper considers the task of modeling "pension" claims whose durations may vary, but whose payment pattern is uniform and flat. We derive the aggregate payout pattern from the duration density and discuss and provide examples to show how this idea can be applied to calculating tail development factors.
Volume
Fall
Page
493-514
Year
2003
Categories
Financial and Statistical Methods
Asset and Econometric Modeling
Duration
Actuarial Applications and Methodologies
Reserving
Reserving Methods
Actuarial Applications and Methodologies
Ratemaking
Trend and Loss Development
Business Areas
Workers Compensation
Publications
Casualty Actuarial Society E-Forum
