Bornhuetter-Ferguson Method for Loss Reserves and IBNR - P&C Insurance - Actuarial 101
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Bornhuetter-Ferguson Method for Loss Reserves and IBNR - P&C Insurance - Actuarial 101
In this video, we discuss the Bornhuetter-Ferguson method (BF method), a popular technique for estimating ultimate loss and loss reserves in P&C insurance. We are going to start with a high-level view of the method and highlight the fundamental concepts that insurance professionals need to understand. Chapters 0:00 - Introduction 0:56 - General ...
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