Question: Annual claim counts follow a negative binomial distribution with r = 2, [3 = 5. Ground-up claim sizes follow a two-parameter Pareto distribution with a

 Annual claim counts follow a negative binomial distribution with r =

2, [3 = 5. Ground-up claim sizes follow a two-parameter Pareto distribution

Annual claim counts follow a negative binomial distribution with r = 2, [3 = 5. Ground-up claim sizes follow a two-parameter Pareto distribution with a = 3 and 9 = 1600. An insurance coverage with an ordinary deductible has a Loss Elimination Ratio of 0.36. Calculate the expected annual number of paid claims

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!