Insurance claims have deductibles, which must be considered when pricing for insurance premium. Deductibles may cause censoring and truncation to the frequencies, severities, and peril types of observed insurance claims. In practice, the regression approach is often used with deductible amount included as an explanatory variable inside a frequency-severity model, so that the resulting coefficie...

which permits unrestricted non-commercial use, distribution, and reproduction in any medium, provided the original work is properly cited. Plasma components, such as fresh frozen plasma (FFP), fresh plasma, frozen plasma, and cryoprecipitates, are commonly used for the correction of bleeding due to the deficiency of blood coagulation factors. Furthermore, blood coagulation factors and plasma pr...

We present a novel stochastic model for claims reserving that allows to combine claims payments and incurred losses information. The main idea is to combine two claims reserving models (Hertig’s model [11] and Gogol’s model [8]) leading to a log-normal paid-incurred chain (PIC) model. Using a Bayesian point of view for the parameter modelling we derive in this Bayesian PIC model the full predic...