Abstract
Reserve runoff ranges are often wider than they need to be. This paper applies some practical tools used by regression modelers to find ways to reduce the ranges. Four approaches are explored: finding better-fitting models; getting rid of insignificant parameters; using exposure information; and considering whether some part of the triangle should be ignored.
Volume
Summer
Year
2007
Categories
Financial and Statistical Methods
Statistical Models and Methods
Regression
Actuarial Applications and Methodologies
Reserving
Reserving Methods
Actuarial Applications and Methodologies
Reserving
Uncertainty and Ranges
Publications
Casualty Actuarial Society E-Forum
