Collective risk models, Advanced Statistics

Collective risk models: The models applied to insurance portfolios which do not create direct reference to the risk characteristics of individual members of the portfolio when describing the aggregate claims or experience of the entire portfolio itself. To model entire claims of the collection of risks over the ?xed period of time in the future, the collective approach incorporates claim frequency and claim severity both components into the probability distribution of aggregate.

Posted Date: 7/26/2012 6:44:47 AM | Location : United States







Related Discussions:- Collective risk models, Assignment Help, Ask Question on Collective risk models, Get Answer, Expert's Help, Collective risk models Discussions

Write discussion on Collective risk models
Your posts are moderated
Related Questions
1) Let N1(t) and N2(t) be independent Poisson processes with rates, ?1 and ?2, respectively. Let N (t) = N1(t) + N2(t). a) What is the distribution of the time till the next epoch

Probability distribution : For the discrete random variable, a mathematical formula which provides the probability of each value of variable. See, for instance, binomial distributi

Hypergeometric distribution is t he probability distribution related with the sampling without replacement from the population of finite size. If the population comprises of r ele

The skewness is a measure of asymmetry and as it is positive at 4.29, it is greater than zero which reveals that the tail extends to the right indicating the distribution to be mor

Hurdle Model:  The model for count data which postulates two processes, one generating the zeros in the data and one generating positive values. The binomial model decides the bina

1) Question on the first day questionnaire asked students to rate their response to the question Are you deeply moved by the arts or music? Assume the population that is sampled

A subject who withdraws from the study for whatever reason, adverse side effects, noncompliance, moving away from the district, etc. In number of cases the reason may not be known.


Misspecification  is the term is applied to describe the assumed statistical models which are incorrect for one of the several of reasons, for instance, using the wrong probability

Randomized encouragement trial   is the clinical trials in which the participants are encouraged to change their behaviour in a particular manner (or not, if they are allocated to