Speaker: Mick Cooney

Abstract:

Loss curves are a standard actuarial technique for estimating losses on a book of policies.

In this talk we discuss a Bayesian approach to this problem, using hierarchical models in Stan to forecast losses.

We will also discuss posterior predictive checks as a method for assessing model quality.

Kevin O'Brien

Dublin R

Science & Education

R Project for Statistical Computing

Data Science

Applied Statistics

Statistical Computing

Education & Technology

Modelling Insurance Losses in R - A Bayesian Approach

CPL Building

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Dublin R

Modelling Insurance Losses in R - A Bayesian Approach

Dublin R

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