Li, Jackie; Liu, Jacie Jia - In: Risks : open access journal 11 (2023) 11, pp. 1-16
In this paper, we develop a number of new composite models for modelling individual claims in general insurance. All … compared to the existing composite models which differentiate only between the small and large claims. For each proposed model … statistical criteria. They generally outperform the existing composite models in the literature, which comprise only two …