Loss and allocated Loss adjustment expenses modelling using symmetric and asymmetric copulas.
When a claim report is filed by an insurer, the claim amount is recorded as LOSS and allocated loss adjustment expense (ALAE) is incurred to verify and settle the claim. The knowledge of the relationship between these two variables is crucial for pricing reinsurance premiums. While a mathematical to...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Language: | English |
| Published: |
2011
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/44084 |