The Bornhuetter–Ferguson method is an actuarial technique used in estimating reserves for unpaid claims in insurance, particularly in the context of property and casualty insurance. It addresses the uncertainty associated with loss reserving, which is critical for accurately determining an insurer's financial position. ### Key Features of the Bornhuetter–Ferguson Method: 1. **Initial Estimate**: This method combines historical loss development data with an a priori estimate of ultimate losses.
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