@RISK Quick Tips: Insurance Claims with RiskCompound Cell Referencing.

Modeling Uncertain Number of Events, Each with Uncertain Parameters@RISK (risk analysis software using Monte Carlo simulation) is widely used in insurance and reinsurance for premium pricing and loss reserves modeling. A 2006 survey identified @RISK as the third most widely-used software by actuaries, after Microsoft Office and in-house actuarial tools. @RISK‘s RiskCompound function allows for […]