ESTIMATION OF CLAIM RESERVES USING THE CHAIN LADDER METHOD
One form and effort in dealing with all the risks that might occur in the future is insurance. In managing premiums paid by insurance participants, insurance companies must also consider unexpected claims that may occur in the future. Therefore, a method is needed that can be used by insurance compa...
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| Format: | Article |
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Universitas Pattimura
2024-10-01
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| Series: | Barekeng |
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| Online Access: | https://ojs3.unpatti.ac.id/index.php/barekeng/article/view/11240 |
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| author | Abdan Maulana Rohat Yoisangaji Shelma Maharani Pelu Jofie Wijaya |
| author_facet | Abdan Maulana Rohat Yoisangaji Shelma Maharani Pelu Jofie Wijaya |
| author_sort | Abdan Maulana Rohat Yoisangaji |
| collection | DOAJ |
| description | One form and effort in dealing with all the risks that might occur in the future is insurance. In managing premiums paid by insurance participants, insurance companies must also consider unexpected claims that may occur in the future. Therefore, a method is needed that can be used by insurance companies to prepare claim reserves for the future. One method that is often used is the Chain Ladder method. This research aims to predict and estimate the claim reserves that insurance companies must prepare in the face of unexpected claims in the future. Based on the results of this study, the amount of claims that the company must prepare to deal with claims that may occur in 2020 is USD 1,110,879.00. |
| format | Article |
| id | doaj-art-e00c01d5793c4038b812bbb6867381c6 |
| institution | OA Journals |
| issn | 1978-7227 2615-3017 |
| language | English |
| publishDate | 2024-10-01 |
| publisher | Universitas Pattimura |
| record_format | Article |
| series | Barekeng |
| spelling | doaj-art-e00c01d5793c4038b812bbb6867381c62025-08-20T01:47:54ZengUniversitas PattimuraBarekeng1978-72272615-30172024-10-011842083209210.30598/barekengvol18iss4pp2083-209211240ESTIMATION OF CLAIM RESERVES USING THE CHAIN LADDER METHODAbdan Maulana Rohat Yoisangaji0Shelma Maharani Pelu1Jofie Wijaya2Master of Actuarial Program, Faculty of Mathematics and Natural Sciences, Institut Teknologi Bandung, IndonesiaMaster of Actuarial Program, Faculty of Mathematics and Natural Sciences, Institut Teknologi Bandung, IndonesiaMaster of Science in Actuarial Science, Columbia University, United States of AmericaOne form and effort in dealing with all the risks that might occur in the future is insurance. In managing premiums paid by insurance participants, insurance companies must also consider unexpected claims that may occur in the future. Therefore, a method is needed that can be used by insurance companies to prepare claim reserves for the future. One method that is often used is the Chain Ladder method. This research aims to predict and estimate the claim reserves that insurance companies must prepare in the face of unexpected claims in the future. Based on the results of this study, the amount of claims that the company must prepare to deal with claims that may occur in 2020 is USD 1,110,879.00.https://ojs3.unpatti.ac.id/index.php/barekeng/article/view/11240claims reservechain ladder |
| spellingShingle | Abdan Maulana Rohat Yoisangaji Shelma Maharani Pelu Jofie Wijaya ESTIMATION OF CLAIM RESERVES USING THE CHAIN LADDER METHOD Barekeng claims reserve chain ladder |
| title | ESTIMATION OF CLAIM RESERVES USING THE CHAIN LADDER METHOD |
| title_full | ESTIMATION OF CLAIM RESERVES USING THE CHAIN LADDER METHOD |
| title_fullStr | ESTIMATION OF CLAIM RESERVES USING THE CHAIN LADDER METHOD |
| title_full_unstemmed | ESTIMATION OF CLAIM RESERVES USING THE CHAIN LADDER METHOD |
| title_short | ESTIMATION OF CLAIM RESERVES USING THE CHAIN LADDER METHOD |
| title_sort | estimation of claim reserves using the chain ladder method |
| topic | claims reserve chain ladder |
| url | https://ojs3.unpatti.ac.id/index.php/barekeng/article/view/11240 |
| work_keys_str_mv | AT abdanmaulanarohatyoisangaji estimationofclaimreservesusingthechainladdermethod AT shelmamaharanipelu estimationofclaimreservesusingthechainladdermethod AT jofiewijaya estimationofclaimreservesusingthechainladdermethod |