?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.relation=http%3A%2F%2Feprints.imtlucca.it%2F1803%2F&rft.title=A+Bayesian+copula+model+for+stochastic+claims+reserving&rft.creator=Regis%2C+Luca&rft.subject=HB+Economic+Theory&rft.description=We+present+a+full+Bayesian+model+for+assessing+the+reserve+requirement+of+multiline+Non-Life+insurance+companies.+Bayesian+models+for+claims+reserving+allow+to+account+for+expert+knowledge+in+the+evaluation+of+Outstanding+Loss+Liabilities%2C+allowing+the+use+of+additional+information+at+a+low+cost.+This+paper+combines+a+standard+Bayesian+approach+for+the+estimation+of+marginal+distribution+for+the+single+Lines+of+Business+for+a+Non-Life+insurance+company+and+a+Bayesian+copula+procedure+for+the+estimation+of+aggregate+reserves.+The+model+we+present+allows+to+%22mix%22+own-assessments+of+dependence+between+LoBs+at+a+company+level+and+market-wide+estimates+provided+by+regulators.+We+illustrate+results+for+the+single+lines+of+business+and+we+compare+standard+copula+aggregation+for+different+copula+choices+and+the+Bayesian+copula+approach.&rft.publisher=Carlo+Alberto+Notebooks&rft.date=2011&rft.type=Working+Paper&rft.type=NonPeerReviewed&rft.identifier=++Regis%2C+Luca++A+Bayesian+copula+model+for+stochastic+claims+reserving.++Working+Paper++%23227%2F2011++++Carlo+Alberto+Notebooks++++ISSN+2279-9362.++++++