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Cape Cod Technique

Create a Cape Cod model and run suite of tools

The Cape Cod technique estimates incurred but not reported (IBNR) insurance claim amounts. This technique uses both reported or paid losses as well as an a priori expected loss ratio to arrive at an ultimate loss estimate.

Objects

capeCodCreate capeCod object

Functions

ibnrCompute IBNR claims for capeCod object
unpaidClaimsCompute unpaid claims estimates for capeCod object
ultimateClaimsCompute projected ultimate claims for capeCod object
summaryDisplay summary report for Cape Cod analysis

Topics

Overview of Claims Estimation Methods for Non-Life Insurance

Unpaid claims estimation using development triangle, chain ladder, expected claims, Bornhuetter-Ferguson, and Cape Cod methods.