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What is Predictive Liability Distributions in Insurance about?
This paper discusses methods for obtaining predictive distributions of outstanding liabilities in general insurance using bootstrap and Bayesian techniques, building on previous work by England & Verrall. It highlights the similarities and differences between the two approaches, emphasizing the importance of a well-defined statistical model for accurate predictions. The paper also provides a framework for applying these methods to various stochastic reserving models, including examples and comparisons of re
- Author
- om6ohkglue
- Language
- EN