Dacorogna, Michel; Ferriero, Alessandro; Krief, David - In: Risks 6 (2018) 3, pp. 1-29
We study the dynamics of the one-year change in P&C insurance reserves estimation by analyzing the process that leads to the ultimate risk in the case of 'fixed-sum' insurance contracts. The random variable ultimately is supposed to follow a binomial distribution. We compute explicitly various...