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