Updates
2025-05-12
Hey, I have started working on my dissertation this summer vacation. The topic is not yet clear, but my domain will be “Reserving using statistical models” or Stochastic Reserving.
The inspiration comes from the recent actuarial exam I had written, Exam 5, which focuses on ratemaking and reserving using traditional methods. The only downside of traditional methods is that we get a point estimate and we don’t have an expectation about the error that might be involved in the result subject to the data.
Stochastic reserving aims to solve this problem by introducing us with simple statistical models that has to be selected based on what we are modelling. After that we use statistical theory, on top of which, we develop methods for reserving.
I have reviewed these papers as of now:
- Mack, Thomas. “CREDIBLE CLAIMS RESERVES: THE BENKTANDER METHOD,” n.d.