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A claims reserving method is reviewed which was introduced by Gunnar Benktander in 1976. ... In this paper, the mean squared errors of all 3 methods are calculated and compared on the basis of a very simple stochastic model.
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In Mack (1993), a formula for the standard error or chain ladder reserveestimates has been derived. In the present communication, a very intuitive and easily programmable recursive way of calculating the formula is given...
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