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Loss Reserving

An Actuarial Perspective

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Table of contents (12 chapters)

  1. Front Matter

    Pages i-xii
  2. Deterministic Models

    1. Front Matter

      Pages 1-1
    2. Basic Concepts

      • Greg Taylor
      Pages 3-16
    3. Claim Counts

      • Greg Taylor
      Pages 17-41
    4. Claim Amounts - Simple Models

      • Greg Taylor
      Pages 43-86
  3. Stochastic Models

    1. Front Matter

      Pages 167-167
    2. Stochastic Techniques

      • Greg Taylor
      Pages 169-194
    3. Stochastic Chain Ladder

      • Greg Taylor
      Pages 195-228
    4. Stochastic Models with a GLM Basis

      • Greg Taylor
      Pages 229-262
    5. Credibility Models

      • Greg Taylor
      Pages 263-302
    6. Kalman Filter

      • Greg Taylor
      Pages 303-328
    7. Bootstrap

      • Greg Taylor
      Pages 329-344
    8. Final Estimates of Liability

      • Greg Taylor
      Pages 345-382
  4. Back Matter

    Pages 383-389

About this book

All property and casualty insurers are required to carry out loss reserving as a statutory accounting function. Thus, loss reserving is an essential sphere of activity, and one with its own specialized body of knowledge. While few books have been devoted to the topic, the amount of published research literature on loss reserving has almost doubled in size during the last fifteen years.
Greg Taylor's book aims to provide a comprehensive, state-of-the-art treatment of loss reserving that reflects contemporary research advances to date. Divided into two parts, the book covers both the conventional techniques widely used in practice, and more specialized loss reserving techniques employing stochastic models. Part I, Deterministic Models, covers very practical issues through the abundant use of numerical examples that fully develop the techniques under consideration. Part II, Stochastic Models, begins with a chapter that sets up the additional theoretical material needed to illustrate stochastic modeling. The remaining chapters in Part II are self-contained, and thus can be approached independently of each other. A special feature of the book is the use throughout of a single real life data set to illustrate the numerical examples and new techniques presented. The data set illustrates most of the difficult situations presented in actuarial practice. This book will meet the needs for a reference work as well as for a textbook on loss reserving.

Authors and Affiliations

  • Taylor Fry, Australia

    Greg Taylor

Bibliographic Information

Buy it now

Buying options

eBook USD 169.00
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 219.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 219.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access