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Amir Ahmad Dar, Sai Varshini (Beteiligte)

Reserving and its types


(i) average cost per claim method,(ii) the basic chain ladder method and (iii) Bornhuetter-Fergus
2017. 52 S. 220 mm
Verlag/Jahr: SCHOLAR´S PRESS 2017
ISBN: 3-330-65253-5 (3330652535)
Neue ISBN: 978-3-330-65253-8 (9783330652538)

Preis und Lieferzeit: Bitte klicken


Reserving is one of the concepts in insurance industry. Reserving helps the insurer to meet the future losses and the liabilities for the insured in case of claim settlements. The most common purpose to calculate a reserve are to determine liabilities to be shown in the insurer´s published accounts if separate accounts have to be prepared for the purpose of supervision of solvency, to determine the liabilities to be shown in those accounts to determine the liabilities to be shown in internal management accounts, business plans and budgets to provide an independent opinion on the reasonableness or adequacy of the reserves booked by the insurer. to provide information to management as to how areas of the business are performing, and provide an indication as to the profitability of business currently being written to estimate the claims costs incurred in recent periods as an intermediate step in the rating process. to value the insurer for purchase or sale given that any estimated surplus or deficit in the booked reserves will directly affect the valuation of the company to negotiate a commutation for the buyer or seller
Amir Ahmad Dar from pahoo pulwama kashmir. I completed my BSc Actuarial and Financial Mathematics at Islamic university of science and technology awantipora kashmir and MSc in Actuarial science at BSAU. Now i am pursing PhD at Bsau chennai. My area of interest: finanacial mathematics