This book covers all the theory and practical advice that actuaries need in order to determine the claims reserves for non-life insurance. The book describes al... » 

This book covers all the theory and practical advice that actuaries need in order to determine the claims reserves for non-life insurance. The book describes all the mathematical methods used to estimate loss reserves and shares the authors' practical experience, which is essential in showing which of the methods should be applied in any given situation. They focus on the mathematical description of relevant stochastic models, showing the reader how to estimate total claims reserves whilst quantifying the total uncertainty in the reserves (prediction errors in total ultimate claims). «