Title :
The problems of the outstanding claims reserve and the IBNR claims reserve - a queuing model method
Author :
Liu, Yan ; Tang, Yinghui
Author_Institution :
Sch. of Manage., Univ. of Electron. Sci. & Technol., Chengdu, China
Abstract :
This paper studies the outstanding claims reserve and the incurred but not reported (INBR) claims reserve by establishing their queueing models. We give the distributions and bounds of the outstanding and IBNR claims reserve. Furthermore, we also give an example.
Keywords :
exponential distribution; insurance data processing; queueing theory; IBNR claims reserve; chain ladder method; insurance company; outstanding claims reserve; queuing model method; Companies; Convolution; Data models; Delay estimation; Insurance; Investments; Mathematical model; Mathematics; Probability distribution; Technology management;
Conference_Titel :
Services Systems and Services Management, 2005. Proceedings of ICSSSM '05. 2005 International Conference on
Print_ISBN :
0-7803-8971-9
DOI :
10.1109/ICSSSM.2005.1499516
