TY  - GEN
AU  - Taylor, Greg
Y2  - 2014/05/22
Y1  - 2002/01
UR  - http://hdl.handle.net/11343/33673
AB  - The chain ladder forecast of oustanding losses is known to be unbiased under suitable assumptions. According to these assumptions, claim payments in any cell of a payment triangle are dependent on those from preceding development years of the same accident year. If all cells are assumed stochastically independent, the forecast is no longer unbiased. Section 6 shows that, under very general assumptions, it is biased upward. This result is linked to earlier work on some stochastic versions of the chain ladder.
N1  - application/pdf
LA  - eng
KW  - chain ladder
KW  - EBNR
T1  - Chain Ladder Bias
L1  - /bitstream/handle/11343/33673/65799_00000112_01_no92.pdf?sequence=1&isAllowed=y
ER  -