Last revised: 13-5-1999
ASSIGNMENT 4: CHAIN LADDER PROBLEM FOR INSURANCE COMPANIES
The estimation and prediction of outstanding claims in non-life insurance is very important. In insurance companies usually delay of claims payment occurs for various reasons. Read carefully the article given in the classroom and analyse the data in part 9 (application) with the log-normal ANOVA model (case I) in BUGS. Estimate the missing amountsand give predictions for any quantities of interest. Write a report for the head manager of an insurance company.
