Reserving: First Principles

Catrin Townsend ()

Chapter Chapter 10 in A Risky Business, 2022, pp 209-221 from Springer

Abstract: Abstract In Chapter 1 , we explored the life cycle of a policy and noticed how in actuarial work, the cost of providing a service (in the form of claims costs or pensions) will be incurred in the future. A key part of actuarial work is estimating these future cashflowsCashflow. If these estimations are used to determine the amount of money a business needs to hold to meet future obligations, then this work is called setting the reserves, or simply reservingReserving.

Date: 2022
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DOI: 10.1007/978-3-031-11673-5_10

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