Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
4641264 | Journal of Computational and Applied Mathematics | 2009 | 12 Pages |
Abstract
This paper presents a model of actuarial loss events that follow a progressive censoring scheme. Loss events are modelled according to this scheme regarding the claim number and size. Claim events at random time points are assumed to happen progressively in a given period due to each of an mm number of claims that occur due to hazardous events, while a fixed number of nn claims are anticipated to take place in total. Distribution of the resulting total loss amount is derived, and according to its properties, some risk management issues about reserves and solvency are discussed.
Related Topics
Physical Sciences and Engineering
Mathematics
Applied Mathematics
Authors
Sibel Acik Kemaloglu, Omer L. Gebizlioglu,