Advertisement

Handbook on Loss Reserving

  • Michael Radtke
  • Klaus D. Schmidt
  • Anja Schnaus

Part of the EAA Series book series (EAAS)

Table of contents

  1. Front Matter
    Pages i-xv
  2. Klaus D. Schmidt, Mathias Zocher
    Pages 1-8
  3. Sebastian Fuchs, Heinz J. Klemmt, Klaus D. Schmidt
    Pages 9-16
  4. Anja Schnaus
    Pages 17-32
  5. Klaus D. Schmidt, Mathias Zocher
    Pages 33-42
  6. Michael Radtke
    Pages 43-52
  7. Klaus D. Schmidt
    Pages 53-59
  8. Klaus Th. Hess, Klaus D. Schmidt, Anja Schnaus
    Pages 61-69
  9. Klaus D. Schmidt
    Pages 71-74
  10. Klaus D. Schmidt
    Pages 75-79
  11. Barbara Alfermann, Michael Radtke, Axel Reich
    Pages 81-85
  12. Klaus D. Schmidt
    Pages 87-96
  13. Klaus Th. Hess, Klaus D. Schmidt
    Pages 97-105
  14. Klaus D. Schmidt
    Pages 107-117
  15. Klaus D. Schmidt
    Pages 119-122
  16. Anja Schnaus
    Pages 123-125
  17. Holger Lorenz, Klaus D. Schmidt
    Pages 127-131
  18. Kathrin Bach, Klaus D. Schmidt
    Pages 133-142
  19. Klaus D. Schmidt
    Pages 143-149
  20. Klaus D. Schmidt
    Pages 151-155
  21. Stefan Kaulfuß, Klaus D. Schmidt, Katrin Thänert
    Pages 157-162
  22. Anja Schnaus
    Pages 163-168
  23. Michael Radtke, Anja Schnaus
    Pages 169-174
  24. Klaus D. Schmidt, Angela Wünsche
    Pages 175-178
  25. Klaus Th. Hess, Klaus D. Schmidt, Angela Wünsche
    Pages 179-185
  26. Klaus D. Schmidt
    Pages 187-190
  27. Klaus Th. Hess, Alexander Ludwig, Carsten Pröhl, Klaus D. Schmidt, Mathias Zocher
    Pages 191-199
  28. Klaus D. Schmidt
    Pages 201-207
  29. Kathrin Bach, Klaus D. Schmidt, Katrin Thänert
    Pages 209-216
  30. Alexander Ludwig, Klaus D. Schmidt
    Pages 217-223
  31. Klaus D. Schmidt
    Pages 225-229
  32. Michael Radtke
    Pages 231-239
  33. Michael Radtke
    Pages 241-245
  34. Klaus D. Schmidt
    Pages 247-254
  35. Michael Radtke
    Pages 255-263
  36. Magda Schiegl
    Pages 265-274
  37. Alexander Ludwig
    Pages 275-284
  38. Heinz J. Klemmt, Michael Radtke, Anja Schnaus
    Pages 285-290
  39. Michael Radtke, Klaus D. Schmidt
    Pages 291-292
  40. Klaus D. Schmidt
    Pages 293-302
  41. Back Matter
    Pages 303-323

About this book

Introduction

This handbook presents the basic aspects of actuarial loss reserving. Besides the traditional methods, it also includes a description of more recent ones and a discussion of certain problems occurring in actuarial practice, like inflation, scarce data, large claims, slow loss development, the use of market statistics, the need for simulation techniques and the task of calculating best estimates and ranges of future losses.

In property and casualty insurance the provisions for payment obligations from losses that have occurred but have not yet been settled usually constitute the largest item on the liabilities side of an insurer's balance sheet. For this reason, the determination and evaluation of these loss reserves is of considerable economic importance for every property and casualty insurer.

Actuarial students, academics as well as practicing actuaries will benefit from this overview of the most important actuarial methods of loss reserving by developing an understanding of the underlying stochastic models and how to practically solve some problems which may occur in actuarial practice.

Keywords

loss reserving actuarial methods of loss reserving Bornhuetter-Ferguson principle actuarial mathematics applied statistics

Editors and affiliations

  • Michael Radtke
    • 1
  • Klaus D. Schmidt
    • 2
  • Anja Schnaus
    • 3
  1. 1.LohmarGermany
  2. 2.FreitalGermany
  3. 3.KerpenGermany

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-30056-6
  • Copyright Information Springer International Publishing Switzerland 2016
  • Publisher Name Springer, Cham
  • eBook Packages Mathematics and Statistics
  • Print ISBN 978-3-319-30054-2
  • Online ISBN 978-3-319-30056-6
  • Series Print ISSN 1869-6929
  • Series Online ISSN 1869-6937
  • Buy this book on publisher's site
Industry Sectors
Finance, Business & Banking
Oil, Gas & Geosciences