This paper is concerned with the choice of data granularity for application of the EDF (Exponential Dispersion Family) chain ladder model to forecast a loss reserve. As the duration of individual accident and development periods is decreased, the number of data points increases, but the...

This paper is concerned with the choice of data granularity for the application of the Mack chain ladder model to forecast a loss reserve. It is a sequel to a related paper by Taylor, which considers the same question for the EDF chain ladder model. As in the earlier paper, it considers the...

This paper is concerned with the estimation of forecast error, particularly in relation to insurance loss reserving. Forecast error is generally regarded as consisting of three components, namely parameter, process and model errors. The first two of these components, and their estimation, are...

The view that the Torrens system was merely an adaptation of Hamburg’s mid-nineteenth-century system of lands titles registration has lost ground rapidly over the last few years and appears to have been silently abandoned, or at least heavily qualified, even by its former proponents. Now the...