Title: Bayesian Claims Reserving Methods in Non-life Insurance with Stan: An Introduction
Publisher: Springer
Publication Date: 2019
Language: English
ISBN 10: 9811336083
ISBN 13: 9789811336089
Binding: Hardcover
Condition: New

About this title

Synopsis

This book first provides a review of various aspects of Bayesian statistics. It then investigates three types of claims reserving models in the Bayesian framework: chain ladder models, basis expansion models involving a tail factor, and multivariate copula models. For the Bayesian inferential methods, this book largely relies on Stan, a specialized software environment which applies Hamiltonian Monte Carlo method and variational Bayes.

About the Author

Guangyuan Gao, lecturer in actuarial science, School of Statistics at the Renmin University of China.

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