statistical distribution models insurance claim risk
Issue Date:
2015
Publisher:
Institute of Mathematics and Informatics at the Bulgarian Academy of Sciences
Citation:
Pliska Studia Mathematica Bulgarica, Vol. 25, No 1, (2015), 147p-154p
Abstract:
This work presents a brief overview of some proper statistical distributions for modeling of claims and risk in general insurance. Applications of normal
approximation, normal power transformation and power transformation for modeling the number and the size of claims have been considered. Some problems in terms of modern risk theory are described and their reformulation in the actuarial practice are made. There are numerical examples to
determine the amount of insurance premiums in order to limit to one percent the probability of insolvency. Some comparisons were made. 2010 Mathematics Subject Classification: 62C42, 62G22.
Description:
[Raeva Elitsa; Раева Елица]; [Pavlov Velizar; Павлов Велизар]
