UKMotor: UK motor claims triangle

Description Usage Format Source References Examples

Description

Triangle of cumulative claims payments for four origin (accident) years over time (development years).

Usage

1
data("UKMotor")

Format

A matrix with 7 accident years and 7 development years.

Source

https://www.actuaries.org.uk/system/files/documents/pdf/crm2-D5.pdf

References

Stavros Christofides. Regression models based on log-incremental payments. Claims Reserving Manual. Volume 2 D5. September 1997

Examples

1
2
3

Example output

Welcome to ChainLadder version 0.2.9

Type vignette('ChainLadder', package='ChainLadder') to access
the overall package documentation.

See demo(package='ChainLadder') for a list of demos.

More information is available on the ChainLadder project web-site:
https://github.com/mages/ChainLadder

To suppress this message use:
suppressPackageStartupMessages(library(ChainLadder))

MackChainLadder(Triangle = UKMotor, est.sigma = "Mack")

     Latest Dev.To.Date Ultimate   IBNR Mack.S.E CV(IBNR)
2007 12,690       1.000   12,690      0     0.00      NaN
2008 12,746       0.973   13,097    351     3.62   0.0103
2009 12,993       0.926   14,031  1,038    22.90   0.0221
2010 11,093       0.844   13,138  2,045   141.98   0.0694
2011 10,217       0.736   13,880  3,663   426.70   0.1165
2012  9,650       0.574   16,812  7,162   692.39   0.0967
2013  6,283       0.304   20,680 14,397   900.58   0.0626

              Totals
Latest:    75,672.00
Dev:            0.73
Ultimate: 104,327.77
IBNR:      28,655.77
Mack.S.E    1,417.27
CV(IBNR):       0.05

ChainLadder documentation built on Jan. 9, 2022, 5:06 p.m.