A likelihood approach to Bornhuetter-Ferguson analysis
A new Bornhuetter–Ferguson method is suggested herein. This is a variant of the traditional chain ladder method. The actuary can adjust the relative ultimates using externally estimated relative ultimates. These correspond to linear constraints on the Poisson likelihood underpinning the chain ladder...
| Main Authors: | , , , |
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| Format: | Journal article |
| Published: |
MDPI
2019
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