Presents a stochastic method that improves accuracy in loss development through detailed data analysis, suggesting enhanced segmentation for pricing.
In this paper, we present a stochastic loss development approach that models all the core components of the claims process separately. The benefits of doing so are discussed, including the provision of more accurate results by increasing the data available to analyze. This also allows for finer segmentations, which is helpful for pricing and profitability analysis.
No takes yet. Share an insight, caveat, or question.
Uri Korn (2017) studied this question.
Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context: