Cape Cod Technique
Create a Cape Cod model and run suite of tools
The Cape Cod 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
capeCod | Create capeCod object (Since R2021a) |
Functions
ibnr | Compute IBNR claims for capeCod object (Since R2021a) |
unpaidClaims | Compute unpaid claims estimates for capeCod
object (Since R2021a) |
ultimateClaims | Compute projected ultimate claims for capeCod
object (Since R2021a) |
summary | Display summary report for Cape Cod analysis (Since R2021a) |
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.