Claims reserving in R: ChainLadder 0.1.5-4 released

November 20, 2012
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(This article was first published on mages' blog, and kindly contributed to R-bloggers)

Last week we released version 0.1.5-4 of the ChainLadder package on CRAN. The R package provides methods which are typically used in insurance claims reserving. If you are new to R or insurance check out my recent talk on Using R in Insurance.

The chain-ladder method which is a popular method in the insurance industry to forecast future claims payments gave the package its name. However, the ChainLadder package has many other reserving methods and models implemented as well, such as the bootstrap model demonstrated below. It is a great starting point to learn more about stochastic reserving.

Since we published version 0.1.5-2 in March 2012 additional functionality has been added to the package, see the change log, but in particular the vignette has come a long way.

Many thanks to my co-authors Dan Murphy and Wayne Zhang.
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