An essay at measuring the variance of estimates of outstanding claim payments

Frank Ashe*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

6 Citations (Scopus)

Abstract

The variance of statistical estimates of outstanding claim payments for long-tailed general insurance portfolios is examined. The variance's three components are discussed. As there is no accepted technique for measuring this variance three methods are investigated empirically for its measurement’a parametric method, the jackknife method, and the bootstrap method. No method stands out as superior to the others and it is recommended that all three be evaluated and used to gauge the possible errors in the estimation of outstanding claims.

Original languageEnglish
Pages (from-to)S99-S113
JournalASTIN Bulletin
Volume16
Issue numberS1
DOIs
Publication statusPublished - 1986
Externally publishedYes

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