Chain Ladder Technique
Create a chain ladder model and run suite of tools
The chain ladder method is used to forecast the amount of reserves that must be established in order to cover future claims. The chain ladder method estimates the incurred but not reported claims and projects ultimate loss amounts.
|Compute IBNR claims for |
|Compute unpaid claims for |
|Display summary report for different claims estimates|
- 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.