Composite and Mixture Distributions for Heavy-Tailed Data—An Application to Insurance Claims

Composite and Mixture Distributions for Heavy-Tailed Data—An Application to Insurance Claims

This research provides a comprehensive analysis of two-component non-Gaussian composite models and mixture models for insurance claims data. These models have gained attraction in actuarial literature because they provide flexible methods for curve-fitting. We consider 256 composite models and 256 m...

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Bibliographic Details
Main Authors: Walena Anesu Marambakuyana, Sandile Charles Shongwe
Format: Article
Language:English
Published: MDPI AG 2024-01-01
Series:Mathematics
Subjects:
claims
composite models
Danish fire loss
heavy-tailed
loss distribution
mixture models
Online Access:https://www.mdpi.com/2227-7390/12/2/335

Internet

https://www.mdpi.com/2227-7390/12/2/335

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