Marine insurance claims analysis using the Weibull and log-normal models: Compensation for oil spill pollution due to tanker accidents

In marine insurance, the identification of the distribution of the claim size processes from given observations is of major importance. We evaluate the claim amounts due to accidental oil spill volume from tankers. Previous studies on oil spills were mainly concentrating on the relation between spil...

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Bibliographic Details
Main Authors: Ringo Ho Fai Ching, Tsz Leung Yip
Format: Article
Language:English
Published: Elsevier 2022-01-01
Series:Maritime Transport Research
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S2666822X22000077