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Practical use of the Clark Cape Cod Method for Stochastic Reserving

The Practical Use of the Clark Cape Cod Method for Stochastic Reserving Working Party was planned to report to the General Insurance Reserving and Oversight Committee (GIROC).

Key objectives were to be:

  • To test the Clark Cape Cod method in a variety of situations and types of business and compare to other commonly-used methods (Mack/Bootstrap framework) – ideally on a benchmark dataset
  • To draw conclusions on its suitability vs. the other methods
  • To find practical ways of selecting most appropriate options for the method (e.g. type of curve family fitted, curtailing development, etc.) 
  • To offer the user a guide as to when the Clark Cape Cod method might be suitable, its limitations/pitfalls and how best to implement in practice.

A summary of the key technical points and more detaild possible directions the working party could pursue can be found in this summary. If you are intereed in feeding its renewal please use the contact details at the bottom of the page. 

Chair TBC
Membership 6
Launched 2017
Disbanded 2018

 

 

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Contact Details

If you want more information about this research working party please contact the Communities Team.

professional.communities@actuaries.org.uk

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