The chain ladder method is used to forecast the amount of reserves that must be established in order to cover future claims. The chain ladder method estimates the incurred but not reported claims and projects ultimate loss amounts.
chainLadder | Create chainLadder object |
ibnr | Compute IBNR claims for chainLadder object |
unpaidClaims | Compute unpaid claims for chainLadder object |
summary | Display summary report for different claims estimates |
Overview of Claims Estimation Methods for Non-Life Insurance
Unpaid claims estimation using development triangle, chain ladder, expected claims, and Bornhuetter-Ferguson methods.