Methodological Aspects Regarding the Process of Estimating the Reserve for the Un-cleared Damages

Constantin Anghelache and Gabriela Anghelache
Additional contact information
Constantin Anghelache: Academy of Economic Studies, Bucharest
Gabriela Anghelache: Academy of Economic Studies, Bucharest

Theoretical and Applied Economics, 2007, vol. 7(512), issue 7(512), 17-24

Abstract: This article emphasizes a series of aspects concerning the estimation of the reserve for the un-cleared damages. Such an activity is of an actuarial nature as it implies a present evaluation of future uncertain phenomena. Here we have the methods being used for the damages estimation, stressing out the individual estimation, the statistical methods which are used, the method of the average cost per damage, the method of the damage rate or the reserve estimation for the damages which are occurring without being yet reported. The analyzed theoretical aspects are accompanied by empirical examples meant to give the researcher (reader) the opportunity of a clearer understanding the mechanism in discussion. The examples are of a scholastic nature to the extent they are aiming a more explicit approach of the used mechanism only, without representing elements of a case analysis.

Keywords: estimation; damage; damage rate; average cost; run-off triangle. (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations:

Downloads: (external link)
http://store.ectap.ro/articole/231.pdf (application/pdf)
http://www.ectap.ro/articol.php?id=231&rid=27 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:7(512):y:2007:i:7(512):p:17-24

Access Statistics for this article

Theoretical and Applied Economics is currently edited by Mircea Dinu

More articles in Theoretical and Applied Economics from Asociatia Generala a Economistilor din Romania / Editura Economica Contact information at EDIRC.
Bibliographic data for series maintained by Mircea Dinu ().