Abstract
A fundamental problem of pricing insurance is: When all is known about claims from an accident-or policy-year, that year is too old to be relevant for next year's coverage. Thus, our ancestors began using aggregate historical patterns to estimate how incurred costs of recent periods would mature to full ultimate value.
Volume
Spring
Page
219-254
Year
1980
Categories
Actuarial Applications and Methodologies
Ratemaking
Publications
Casualty Actuarial Society Discussion Paper Program