Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5076805 | Insurance: Mathematics and Economics | 2012 | 7 Pages |
Abstract
⺠The dependence among occurrence frequencies of risks covered by an insurance policy is introduced into the model in the recent study. ⺠Sufficient conditions for a risk averse policyholder to well allocate upper limits and deductibles to risks covered in the policy are derived. ⺠For a loss with higher severity and frequency of occurrence, it is better to allocate a larger policy limit and a smaller deductible.
Keywords
Related Topics
Physical Sciences and Engineering
Mathematics
Statistics and Probability
Authors
Xiaohu Li, Yinping You,