This course has been conceived by actuaries for actuaries, accounting for all the specificities of insurance data instead of simply re-using standard recipes borrowed from other fields. A transition to individual reserving comes then by the presentation of the collective loss reserving before ending by the individual multistate model. Their relative merits are illustrated by means of several case studies with insurance data.
The sessions aim to be interactive, alternating between methodological parts and case studies performed in front of the audience. Participants are invited to bring their own PC. Documentation including data sets and R code is made available through a supporting website. The installation of R packages prior to attendance is required.
Introduction to micro reserving and the need of it
Focus on the multistate individual reserving
- Detailed presentation of the principle
- Introduction to the analytical approach
- Computation of the reserve via simulations
- Computation of the reserve via an analytical method
One-year risk in the individual framework
After completion of the training session, participants will have acquired a general knowledge of reserving in insurance. They will be able to select the appropriate approach for their own data, run the R code and interpret the results.
This training is given by
Julien Trufin & Michel Denuit | Scientific Directors
Christophe De Fays | Expert
Carole Bettonville & Elke Gagelmans | TCP Consultants
Louise D'Oultremont & Elise Santoro | TAP Consultants
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