Bayesian Claims Reserving Methods in Non-life Insurance with Stan
An Introduction| By: | Guangyuan Gao |
| Publisher: | Springer Nature |
| Print ISBN: | 9789811336089 |
| eText ISBN: | 9789811336096 |
| Edition: | 0 |
| Copyright: | 2018 |
| Format: | Reflowable |
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Table of Contents
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.