Statistical Methods and Models for Claims Reserving in General Insurance.
ChainLadder
ChainLadder is an R package providing methods and models which are typically used in insurance claims reserving, including:
- Mack chain-ladder, Munich chain-ladder and Bootstrap models
- General multivariate chain ladder-models
- Loss development factor fitting and Cape Cod models
- Generalized linear models
- One year claims development result functions
- Utility functions to:
- convert tables into triangles and triangles into tables
- convert cumulative into incremental and incremental into cumulative triangles
- visualise triangles
For a Python claims reserving package visit chainladder-python.
Installation
You can install the stable version from CRAN:
install.packages('ChainLadder', dependencies = TRUE)
You can also install the package via the Github repository:
# install.package("remotes") # In case you have not installed it.
remotes::install_github("mages/ChainLadder", dependencies = TRUE)
Get started
library(ChainLadder)
?ChainLadder
demo(ChainLadder)
See the ChainLadder package vignette for more details.
Citation
To cite package 'ChainLadder' in publications see the output of:
citation(package="ChainLadder")
See also:
Markus Gesmann. Claims Reserving and IBNR. Computational Actuarial Science with R. 2014. Chapman and Hall/CRC
License
This package is free and open source software, licensed under GPL.
ChainLadder documentation is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.