Trends in education, 2009 (vol. 2), issue 1
TVV 2009, 2(1):235-238
STOCHASTIC METHODS IN INSURANCE
The contribution deals with the possibility of using the stochastic methods in insurance. The models are based on the probability distribution of a random variable representing the amount of claims. Particularly, Log-normal, Gama, Beta, Paret and compound Poisson distributions are used. These models allow for an effective calculation of a risk premium.
Keywords: Insurance, Probability distributions, amount of claimsl.
Published: July 1, 2009 Show citation
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