Abu Bakar, S.A.; Hamzah, N.A.; Maghsoudi, M.; Nadarajah, S. - In: Insurance: Mathematics and Economics 61 (2015) C, pp. 146-154
We develop several new composite models based on the Weibull distribution for heavy tailed insurance loss data. The composite model assumes different weighted distributions for the head and tail of the distribution and several such models have been introduced in the literature for modeling...