VERSICHERUNGSMATHEMATIK
Institut   +   Homepage
 

Klaus D. Schmidt
Dresden Loss Reserving Tool
 
  On the bottom of this page you can access the Dresden Loss Reserving Tool. This tool was designed by Mathias Zocher to illustrate the main aspects of the Dresden Loss Reserving Principle and it was implemented by Pawel Paczkowski in July 2007.

The Dresden Loss Reserving Principle reflects recent results obtained by the research group on actuarial mathematics at Technische Universität Dresden. It relies on the observation that many common methods of loss reserving based on run–off triangles can be justified by the assumption that the development of the losses of different accident years is governed by a common development pattern. As a consequence of this observation, it turns out that for these methods the predictors of the future cumulative losses can be cast into the form of Bornhuetter–Ferguson predictors.

The Dresden Loss Reserving Principle combines methods such as
  • the Bornhuetter–Ferguson method,
  • the loss–development method,
  • the chain–ladder method,
  • the Cape–Cod method, and
  • the additive (or incremental loss ratio) method.
In addition, it comprises certain other methods which are obtained by combining elements of the methods mentioned before.

Theoretical background on the Dresden Loss Reserving Principle may be found on the following web sites: See also (in German): The Dresden Loss Reserving Tool has been designed for actuaries who wish to gain some practical experience with the Dresden Loss Reserving Principle, but it should not be used to solve real problems in actuarial practice.

In order to access the Dresden Loss Reserving Tool, which is free of charge, you have to accept the following conditions:
  • The authors are not responsible for any errors in the implementation of the methods.
  • The authors are not responsible for any consequences resulting from the use of the Dresden Loss Reserving Tool.
  • The user will not use the Dresden Loss Reserving Tool to solve real problems in actuarial practice.
  • The user is completely responsible for any consequences resulting from the use of the Dresden Loss Reserving Tool.
To proceed, please check one of the following:

C. Weber, 04.07.2007