Bornhuetter-Ferguson Technique
Create a Bornhuetter-Ferguson model and run suite of tools
The Bornhuetter-Ferguson technique estimates incurred but not reported (IBNR) insurance claim amounts. This technique uses both reported or paid losses as well as an a priori expected loss ratio to arrive at an ultimate loss estimate.
Objects
bornhuetterFerguson | Create bornhuetterFerguson object (Since R2020b) |
Functions
ultimateClaims | Compute projected ultimate claims for bornhuetterFerguson
object (Since R2020b) |
ibnr | Compute IBNR claims for bornhuetterFerguson
object (Since R2020b) |
unpaidClaims | Compute unpaid claims estimates for bornhuetterFerguson
object (Since R2020b) |
summary | Display summary report for Bornhuetter-Ferguson analysis (Since R2020b) |
Topics
- Overview of Claims Estimation Methods for Non-Life Insurance
Unpaid claims estimation using development triangle, chain ladder, expected claims, Bornhuetter-Ferguson, and Cape Cod methods.