Expected Claims Technique

Create an expected claims model and run suite of tools

Expected claims is a way of determining the expected loss ratio (ELR) based on how much money earned from premiums an insurer should set aside to pay for future claims. The amount is not fixed, but based on probability and actuarial forecasts that attempt to predict the number and severity of claims the insurer will have to pay.

Objects

expectedClaims Create expectedClaims object (Since R2020b)

Functions

`ultimateClaims`	Compute projected ultimate claims for `expectedClaims` object (Since R2020b)
`ibnr`	Compute IBNR claims for `expectedClaims` object (Since R2020b)
`unpaidClaims`	Compute unpaid claims estimates for `expectedClaims` object (Since R2020b)
`summary`	Display summary report for expected claims estimates (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.