Happ, Sebastian; Merz, Michael; Wüthrich, Mario V. - In: Insurance: Mathematics and Economics 51 (2012) 1, pp. 66-72
We present the one-year claims development result (CDR) in the paid-incurred chain (PIC) reserving model. The PIC reserving model presented in Merz and Wüthrich (2010) is a Bayesian stochastic claims reserving model that considers simultaneously claims payments and incurred losses information...