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Applying the bootstrap statistical technique to claims reserving in general insurance /

Zakarya Abdelnaby Ahmed Abdelbaqy Elsherief

Applying the bootstrap statistical technique to claims reserving in general insurance / تطبيق أسلوب البوتستراب الإحصائي في تقدير مخصصات التعويضات في التأمينات العامة Zakarya Abdelnaby Ahmed Abdelbaqy Elsherief ; Supervised Raafat Ahmed Ali Ibrahim - Cairo : Zakarya Abdelnaby Ahmed Abdelbaqy Elsherief , 2018 - 92 Leaves : charts ; 30cm

Thesis (M.Sc.) - Cairo University - Faculty of Commerce - Department of Mathematics and Insurance

Estimating Incurred but Not Reported claims (IBNR) reserve is considered as one of the key duties done by actuaries in general insurance companies. According to the instructions of the Egyptian insurance regulator; Financial Regulatory Authority (FRA). All general insurance companies operating in the Egyptian market should submit the Unified Actuarial Report that contains Technical Reserves Estimation and Profitability Testing. This thesis discussed technical reserves estimation and specifically the IBNR claims reserve. The estimation methods of IBNR claims reserve that are currently used under the Unified Actuarial Report, are Deterministic Methods. Such as; Chain Ladder (CL), Bornheutter-Ferguson (BF), Initial Expected Loss Ratio (IELR), etc. Which provide ONLY the expected IBNR claims reserve as a point estimate. This thesis explored the most used Stochastic Reserving Models according to the survey of ASTIN Working Party (2016) on 2Non-Life Reserving Practices3



Bootstrap Statistical Technique Claims Reserve IBNR