Insight
Syariah Spin-off Readiness Survey: Responses & Inferences
Insurers recognise opportunities in the Syariah market in Indonesia, but a majority still need to decide whether to spin-off or transfer portfolios.
This paper reviews the Hayne MLE modeling framework using a standard notation. It also covers a number of practical data issues and addresses the diagnostic testing of the model assumptions. The paper explores a variety of enhancements to the basic framework to allow the models to address other issues related to reserving and pricing risk.
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