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Estimation of future mortality rates still plays a central role among life insurers in pricing their products and managing longevity risk. In the literature on mortality modeling, a wide number of stochastic models have been proposed, most of them forecasting future mortality rates by...
Persistent link: https://www.econbiz.de/10012015932
data across lines of business, and show that they improve on the predictive accuracy of existing stochastic methods. The …
Persistent link: https://www.econbiz.de/10012126426
The purpose of this paper is to survey recent developments in granular models and machine learning models for loss reserving, and to compare the two families with a view to assessment of their potential for future development. This is best understood against the context of the evolution of these...
Persistent link: https://www.econbiz.de/10012127545
Persistent link: https://www.econbiz.de/10012204355
This paper proposes a generalized deep learning approach for predicting claims developments for non-life insurance reserving. The generalized approach offers more flexibility and accuracy in solving actuarial reserving problems. It predicts claims outstanding weighted by exposure instead of loss...
Persistent link: https://www.econbiz.de/10014480914