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National Repository of Grey Literature

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Econometric SUR models of dependent run-off triangles in non-life insurance Vágner, Jan ; Cipra, Tomáš (advisor) ; Pešta, Michal (referee) This bachelor thesis deals with the estimation of loss reserves in non-life insurance. To construct these estimates we use SUR model, which allows to include correlations between run-off triangles, input data. This SUR based model due to inclusion of corre- lations embraces dependencies between each of run-off triangles. Thanks to this extension of standard loss reserving technique it makes our estimates more precise and more corre- sponding to real observations. In this thesis apart from introduction of the model we also elaborate numerical example using different variations of this specific model and lastly we compare SUR based model with standard model for loss reserve estimation. 1 Detailed record

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