Abstract
The goal of this paper is to demonstrate how generalized linear modeling (GLM) can be applied in non-traditional ways in property and casualty insurance. Specifically, we will use a property and casualty closed claims database to aid in estimating ultimate claim settlement amounts, evaluating claim trends, and assisting in improving claims handling procedures. This specific example will be used to demonstrate the potential of the application of GLM to different areas of an insurance company.
Page
291-314
Year
2004
Keywords
predictive analytics
Categories
Financial and Statistical Methods
Statistical Models and Methods
Generalized Linear Modeling
Actuarial Applications and Methodologies
Reserving
Reserving Methods
Publications
Casualty Actuarial Society Discussion Paper Program
