Managing the Insolvency Risk of Insurance Companies : Proceedings of the Second International Conference on Insurance Solvency

Language: English

Published by Springer Netherlands, 1991

0792391527 / 9780792391524

Series: Book 12 of 26 - Huebner International Series on Risk, Insurance and Economic Security

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Seller: AHA-BUCH GmbH, Einbeck, GermanyAHA-BUCH GmbH

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Druck auf Anfrage Neuware - Printed after ordering - Two different applications have been considered, automobile claims from Massachusetts and health expenses from the Netherlands. We have fit 11 different distributions to these data. The distributions are conveniently nested within a single four parameter distribution, the generalized beta of the second type. This relationship facilitates analysis and comparisons. In both cases the GB2 provided the best fit and the Burr 3 is the best three parameter model. In the case of automobile claims, the flexibility of the GB2 provides a statistically siE;nificant improvement in fit over all other models. In the case of Dutch health expenses the improvement of the GB2 relative to several alternatives was not statistically significant. \* The author appreciates the research assistance of Mark Bean, Young Yong Kim and Steve White. The data used were provided by Richard Derrig of The Massachusetts Automobile Rating and Accident Prevention Bureau and by Bob Van der Laan and The Silver Cross Foundation for the medical insurance claim data. 2~ REFERENCES Arnold, B. C. 1983. Pareto Distributions. Bartonsville: International Cooperative Publishing House. Cummins, J. D. and L. R. Freifelder. 1978. A comparative analysis of alternative maximum probable yearly aggregate loss estimators. Journal of Risk and Insurance 45:27-52. \*Cummins, J. D., G. Dionne, and L. Maistre. 1987. Application of the GB2 family of distributions in collective risk theory. University of Pennsylvania: Mimeographed manuscript. Hogg, R. V. and S. A. Klugman. 1983. On the estimation of long tailed skewed distributions with actuarial applications.…

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Title
Managing the Insolvency Risk of Insurance Companies : Proceedings of the Second International Conference on Insurance Solvency
Author
Richard A. Derrig
Publisher
Springer Netherlands
Publication year
1991
Condition
Neu
Binding
Buch
Language
English
ISBN 10
0792391527
ISBN 13
9780792391524
Item weight
688 grams
Dimensions
241x160x24 mm
Series
Book 12 of 26: Huebner International Series on Risk, Insurance and Economic Security

AHA-BUCH GmbH

Einbeck, Germany

5-star seller

AbeBooks seller since August 14, 2006

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