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English | 2018 | ISBN: 9811336083 | 210 pages | PDF | 8.5 MB

"Bayesian Claims Reserving Methods in Non-life Insurance with Stan: An Introduction"

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English | 2018 | ISBN: 9811336083 | 210 pages | PDF | 8.5 MB

This book first provides a review of various aspects of Bayesian statistics. It then investigates three types of claims reserving models in the Bayesian framework: chain ladder models, basis expansion models involving a tail factor, and multivariate copula models. For the Bayesian inferential methods, this book largely relies on Stan, a specialized software environment which applies Hamiltonian Monte Carlo method and variational Bayes


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Tags: Bayesian, Claims, Reserving, Methods, life, Insurance, with, Stan, Introduction

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