ESTIMATION OF CLAIM RESERVES USING THE CHAIN LADDER METHOD

  • Abdan Maulana Rohat Yoisangaji Master of Actuarial Program, Faculty of Mathematics and Natural Sciences, Institut Teknologi Bandung, Indonesia https://orcid.org/0009-0004-0414-747X
  • Shelma Maharani Pelu Master of Actuarial Program, Faculty of Mathematics and Natural Sciences, Institut Teknologi Bandung, Indonesia
  • Jofie Wijaya Master of Science in Actuarial Science, Columbia University, United States of America
DOI: https://doi.org/10.30598/barekengvol18iss4pp2083-2092
Keywords: Claims Reserve, Chain Ladder

Abstract

One form and effort in dealing with all the risks that might occur in the future is insurance. In managing premiums paid by insurance participants, insurance companies must also consider unexpected claims that may occur in the future. Therefore, a method is needed that can be used by insurance companies to prepare claim reserves for the future. One method that is often used is the Chain Ladder method. This research aims to predict and estimate the claim reserves that insurance companies must prepare in the face of unexpected claims in the future. Based on the results of this study, the amount of claims that the company must prepare to deal with claims that may occur in 2020 is USD 1,110,879.00.

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Published
2024-10-11
How to Cite
[1]
A. M. Yoisangaji, S. Pelu, and J. Wijaya, “ESTIMATION OF CLAIM RESERVES USING THE CHAIN LADDER METHOD”, BAREKENG: J. Math. & App., vol. 18, no. 4, pp. 2083-2092, Oct. 2024.
Issue
Vol 18 No 4 (2024): BAREKENG: Journal of Mathematics and Its Application
Section
Articles

Copyright (c) 2024 Abdan Maulana Rohat Yoisangaji, Shelma Maharani Pelu, Jofie Wijaya

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