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Part I - Loss models

Published online by Cambridge University Press:  05 June 2012

Yiu-Kuen Tse
Affiliation:
Singapore Management University
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Summary

In this part of the book we discuss actuarial models for claim losses. The two components of claim losses, namely claim frequency and claim severity, are modeled separately, and are then combined to derive the aggregate-loss distribution. In Chapter 1, we discuss the modeling of claim frequency, introducing some techniques for modeling nonnegative integer-valued random variables. Techniques for modeling continuous random variables relevant for claim severity are discussed in Chapter 2, in which we also consider the effects of coverage modifications on claim frequency and claim severity. Chapter 3 discusses the collective risk model and individual risk model for analyzing aggregate losses. The techniques of convolution and recursive methods are used to compute the aggregate-loss distributions.

Type
Chapter
Information
Nonlife Actuarial Models
Theory, Methods and Evaluation
, pp. 1 - 2
Publisher: Cambridge University Press
Print publication year: 2009

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  • Loss models
  • Yiu-Kuen Tse, Singapore Management University
  • Book: Nonlife Actuarial Models
  • Online publication: 05 June 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9780511812156.003
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  • Loss models
  • Yiu-Kuen Tse, Singapore Management University
  • Book: Nonlife Actuarial Models
  • Online publication: 05 June 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9780511812156.003
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Loss models
  • Yiu-Kuen Tse, Singapore Management University
  • Book: Nonlife Actuarial Models
  • Online publication: 05 June 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9780511812156.003
Available formats
×