Estimation of Claim Reserves Using the Chain Ladder Method
Year: 2024
Type: article
Abstract: One form and effort in dealing with all the risks that might occur in the future is insurance. In managing premiums paid by insurance participants, insurance companies must also consider unexpected claims that may occur in the future. Therefore, a method is needed that can be used by insurance companies to prepare claim reserves for the future. One method that is often used is the Chain Ladder method. This research aims to predict and estimate the claim reserves that insurance companies must prepare in the face of unexpected claims in the future. Based on the results of this study, the amount of claims that the company must prepare to deal with claims that may occur in 2020 is USD 1,110,879.00.
Authors: Abdan Maulana Rohat Yoisangaji, Shelma Maharani Pelu, Jofie Wijaya
Institutions: Bandung Institute of Technology, Columbia University
Language: English
Topic: Probability and Risk Models
Field: Decision Sciences
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4403412976