A development triangle is a table that shows changes in the value of various cohorts over time. Development for any of these cohorts (for example, accident year claims) is the change in the value for the cohort over time.
| Compute link ratios for |
|Plot link ratios for development triangle|
| Compute link ratio averages for |
| Compute CDFs to ultimate claims for |
|Compute ultimate claims for |
|Plot claims for development triangle|
|Display full development triangle including ultimate claims|
Examples and How To
This example shows a workflow for estimating ultimate claims using a
developmentTriangle object with simulated reported claims and then calculating the corresponding mean square error of prediction (MSEP).
This example shows how to apply a chain ladder bootstrap method to generate several
developmentTriangle objects to estimate the ultimate claims.
Unpaid claims estimation using development triangle, chain ladder, expected claims, Bornhuetter-Ferguson, and Cape Cod methods.