Transcription of Munich Chain Ladder: A Reserving Method that …
1 Munich Chain ladder : A ReservingMethod that Reduces the Gapbetween IBNR Projections Based onPaid Losses and IBNR ProjectionsBasedonIncurredLossesby Gerhard Quarg and Thomas Mack Munich Chain ladder by Dr. Quarg and Dr. Mack isbeing reprinted inVa r i a n c eto give this important paperwider visibility within the actuarial community. The edi-tors ofVa r i a n c einvited the authors to submit their paperfor republication because we believe that the techniquesdescribed in their work should be known to all actuariesdoing reserve analysis.
2 We also hope to stimulate furtherresearch in this area. This paper is reprinted fromBl tterder Deutschen Gesellschaft f r Versicherungs- und Finanz-mathematik, volume 26, number 4, 2004, pages 597 thank the editors of that journal and the authors forallowingVa r i a n c eto publish the methods , Chain ladder , loss development, reconciliation of paidand incurred projections266 CASUALTY ACTUARIAL SOCIETYVOLUME 2/ISSUE 2 REPRINTACKNOWLEDGMENTM unich Chain LadderVOLUME 2/ISSUE 2 CASUALTY ACTUARIAL SOCIETY267 VarianceAdvancing the Science of Risk268 CASUALTY ACTUARIAL SOCIETYVOLUME 2/ISSUE 2 Munich Chain LadderVOLUME 2/ISSUE 2 CASUALTY ACTUARIAL SOCIETY269 VarianceAdvancing the Science of Risk270 CASUALTY ACTUARIAL SOCIETYVOLUME 2/ISSUE 2 Munich Chain LadderVOLUME 2/ISSUE 2 CASUALTY ACTUARIAL SOCIETY271 VarianceAdvancing the Science of
3 Risk272 CASUALTY ACTUARIAL SOCIETYVOLUME 2/ISSUE 2 Munich Chain LadderVOLUME 2/ISSUE 2 CASUALTY ACTUARIAL SOCIETY273 VarianceAdvancing the Science of Risk274 CASUALTY ACTUARIAL SOCIETYVOLUME 2/ISSUE 2 Munich Chain LadderVOLUME 2/ISSUE 2 CASUALTY ACTUARIAL SOCIETY275 VarianceAdvancing the Science of Risk276 CASUALTY ACTUARIAL SOCIETYVOLUME 2/ISSUE 2 Munich Chain LadderVOLUME 2/ISSUE 2 CASUALTY ACTUARIAL SOCIETY277 VarianceAdvancing the Science of Risk278 CASUALTY ACTUARIAL SOCIETYVOLUME 2/ISSUE 2 Munich Chain LadderVOLUME 2/ISSUE 2 CASUALTY ACTUARIAL SOCIETY279 VarianceAdvancing the Science of Risk280 CASUALTY ACTUARIAL SOCIETYVOLUME 2/ISSUE 2 Munich Chain LadderVOLUME 2/ISSUE 2 CASUALTY ACTUARIAL SOCIETY281 VarianceAdvancing the Science of Risk282 CASUALTY ACTUARIAL SOCIETYVOLUME 2/ISSUE 2 Munich Chain LadderVOLUME 2/ISSUE 2 CASUALTY ACTUARIAL SOCIETY283 VarianceAdvancing the Science of Risk284 CASUALTY ACTUARIAL SOCIETYVOLUME 2/ISSUE 2 Munich Chain LadderVOLUME 2/ISSUE 2 CASUALTY ACTUARIAL SOCIETY285
4 VarianceAdvancing the Science of Risk286 CASUALTY ACTUARIAL SOCIETYVOLUME 2/ISSUE 2 Munich Chain LadderVOLUME 2/ISSUE 2 CASUALTY ACTUARIAL SOCIETY287 VarianceAdvancing the Science of Risk288 CASUALTY ACTUARIAL SOCIETYVOLUME 2/ISSUE 2 Munich Chain LadderVOLUME 2/ISSUE 2 CASUALTY ACTUARIAL SOCIETY289 VarianceAdvancing the Science of Risk290 CASUALTY ACTUARIAL SOCIETYVOLUME 2/ISSUE 2 Munich Chain LadderVOLUME 2/ISSUE 2 CASUALTY ACTUARIAL SOCIETY291 VarianceAdvancing the Science of Risk292 CASUALTY ACTUARIAL SOCIETYVOLUME 2/ISSUE 2 Munich Chain LadderVOLUME 2/ISSUE 2 CASUALTY ACTUARIAL SOCIETY293 VarianceAdvancing the Science of Risk294 CASUALTY ACTUARIAL SOCIETYVOLUME 2/ISSUE 2 Munich Chain LadderVOLUME 2/ISSUE 2 CASUALTY ACTUARIAL SOCIETY295 VarianceAdvancing the Science of Risk296 CASUALTY ACTUARIAL SOCIETYVOLUME 2/ISSUE 2 Munich Chain LadderVOLUME 2/ISSUE 2 CASUALTY ACTUARIAL SOCIETY297 VarianceAdvancing the Science of Risk298 CASUALTY ACTUARIAL SOCIETYVOLUME 2/ISSUE 2 Munich Chain LadderVOLUME 2/ISSUE 2 CASUALTY
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