Bayesian Claims Reserving Methods in Non-life Insurance with Stan
Author | : Guangyuan Gao |
Publisher | : Springer |
Total Pages | : 210 |
Release | : 2018-12-31 |
ISBN-10 | : 9789811336096 |
ISBN-13 | : 9811336091 |
Rating | : 4/5 (091 Downloads) |
Download or read book Bayesian Claims Reserving Methods in Non-life Insurance with Stan written by Guangyuan Gao and published by Springer. This book was released on 2018-12-31 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.