Claims reserving in R: ChainLadder 0.1.5-4 released
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.
Read more »
To leave a comment
for the author, please follow the link and comment on their blog: mages' blog
offers daily e-mail updates
news and tutorials
on topics such as: visualization (ggplot2
), programming (RStudio
, Web Scraping
) statistics (regression
, time series
) and more...
If you got this far, why not subscribe for updates
from the site? Choose your flavor: e-mail
, or facebook