Discussion of ‘ A Bayesian generalized linear model for the Bornhuetter-Ferguson method of claims reserving ’

Professor Verrall nicely illustrates how Bayesian models can be applied to claims reserving within the framework of Generalized Linear Models (GLMs) and how they lead to posterior predictive distributions of quantities of interest. In this discussion we apply a Bayesian model in the context of discounted loss reserves. The outcomes of this approach are… CONTINUE READING