Perbandingan Akurasi Metode Mack Chain Ladder dan Benktander dalam Estimasi Cadangan Klaim Marine and Aviation Insurance

Comparison of the Accuracy of Mack Chain Ladder and Benktander Methods in Estimating Claim Reserves for Marine and Aviation Insurance

Claim reserve estimation is a major challenge for insurance companies due to the uncertainty of future claims. In the marine and aviation sectors, claim reserve estimation is particularly crucial, as it is often influenced by natural disasters and weather-related factors. This study employs the Mack Chain Ladder and Benktander methods to estimate claim reserves for marine and aviation insurance, with the aim of comparing the accuracy of both approaches. The research utilizes a quantitative approach, based on historical claim data from the marine and aviation sectors spanning the years 2014-2022. The findings show that the Benktander method outperforms the Mack Chain Ladder method in terms of accuracy, as measured by the prediction error using Mean Squared Error (MSE).

Keywords: claim reserves, Mack Chain Ladder, Benktander, marine and aviation insurance, MSE.