1. Advantages and disadvantages of loss reserving methods in non-life insurance
- Author
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Kočović Jelena, Mitrašević Mirela, and Trifunović Dejan
- Subjects
loss reserves ,chain ladder method ,loss ratio method ,bornhuetter-ferguson method ,Management information systems ,T58.6-58.62 - Abstract
We analyse characteristics of the three most commonly used methods for estimating loss reserves in non life insurance: the chain ladder method, the loss ratio method, and the Bornhuetter-Ferguson method. Our aim is to give a comparative analysis of the results obtained from applying these methods to a practical case, and to put emphasis on their advantages and disadvantages. [Project of the Serbian Ministry of Education, Science and Technological Development, Grant no. 179005: The risks of financial institutions and markets in Serbia - microeconomic and macroeconomic approach]
- Published
- 2019
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