Cape Cod Technique
Create a Cape Cod model and run suite of tools
The Cape Cod technique estimates incurred but not reported (IBNR) insurance claim amounts. This technique uses both reported or paid losses as well as an a priori expected loss ratio to arrive at an ultimate loss estimate.
|Compute IBNR claims for |
|Compute unpaid claims estimates for |
|Compute projected ultimate claims for |
|Display summary report for Cape Cod analysis|
- Overview of Claims Estimation Methods for Non-Life Insurance
Unpaid claims estimation using development triangle, chain ladder, expected claims, Bornhuetter-Ferguson, and Cape Cod methods.