Calculating insurance claim reserves with fuzzy regression

Applying regression models to predict business results

“…It makes a significant source of investments and ensures financial stability of a country [9,10,11]. Therefore, this paper explores the possibility to predict the number of effected policies and premium amount of the insurance lines with the biggest share in one of the insurance companies operating in the Republic of Serbia (01 -Accident Insurance, 02 -Voluntary Health Insurance, 03 -Motor Insurance, 07 -Goods in Transit Insurance, 08 -Property Insurance against Fire and Allied perils, 09 -Other Property Insurance Lines, 10 -Motor Vehicle Liability Insurance, 13 -General Liability Insurance, 14 -Credit Insurance, 18 -Travel Assistance Insurance, 20 -Life Insurance and 22 -Supplementary Insurance along with Life Insurance (according to the codes of the National Bank of Serbia)).…”

A time-cost trade-off model by incorporating fuzzy earned value management: A statistical based approach

“…However, it makes basic fuzzy arithmetic easier if the fuzzy numbers are defined in triangular and trapezoidal shapes (for an overview see e.g., [10,[21][22][23]). In this paper, time and cost of activities and other defined parameters of the model are considered as triangular fuzzy numbers.…”

“…Subsequently, other studies focused not only on the development of the fuzzy regression models (See e.g., [35][36][37]) but also concentrated on the application of the fuzzy regression in different systems (See e.g., [21,38]). One of the great advantages of the fuzzy regression, likewise the basic regression, is the prediction of the future values of variables [21]. The proposed model utilizes the fuzzy regression to predict the SPI t and CPI at the end of a project regarding the past values of these indices.…”

Fuzzy Networks for Complex Systems

“…Such modular processes are quite common in many areas such as decision making, manufacturing, communications, transport and finance [3,8,14,40,84,120,125,131,132,133,147,150,158,159,165,168]. However, the results can be used in many other application areas where the knowledge or data about the process to be modelled can be provided in a modular fashion, i.e.…”