Resampling

Abstract Resampling methods have become popular in statistics because of the advance in computer power. They can be used to simplify many of the commonly used statistical procedures. In actuarial science, they are particularly relevant to the increasing use of stochastic and Simulation of stochastic processes simulation‐based techniques and it is likely that their use will increase further. We give an introduction to resampling methods, in particular, bootstrapping, and provide some examples of their use in practice.