Bornhuetter-Ferguson Method for Loss Reserves and IBNR - P&C Insurance - Actuarial 101
Автор: Archer Actuarial Consulting
Загружено: 2025-02-17
Просмотров: 2544
In this video, we discuss the Bornhuetter-Ferguson method (BF method), a popular technique for estimating ultimate loss and loss reserves in P&C insurance. We are going to start with a high-level view of the method and highlight the fundamental concepts that insurance professionals need to understand.
Chapters
0:00 - Introduction
0:56 - General Form of BF Method
2:32 - Paid and Incurred Versions - Intro
5:31 - Delving into Unknown Loss
8:09 - The One Question You Should be Asking
9:39 - Example of Paid BF Method
14:23 - Conclusions
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Disclaimer: Information presented in this video should not be relied upon as actuarial or accounting advice, which should be provided by a credentialed actuary or accountant familiar with the details of your organization's risk management program.
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