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...

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...

We study the dynamics of the one-year change in P&C insurance reserves estimation by defining a simple but realistic process that leads to the ultimate. The random variable at ultimate is supposed to follow a binomial distribution. We compute explicitly various quantities of interest, in...