One way to formulate a multivariate probability distribution with dependent univariate margins distributed gamma is by using the closure under convolutions property. This direction yields an additive background risk model, and it has been very well-studied. An alternative way to accomplish the...

One way to formulate a multivariate probability distribution with dependent univariate margins distributed gamma is by using the closure under convolutions property. This direction yields an additive background risk model, and it has been very well-studied. An alternative way to accomplish the...

The Authors state that in the paper they will only analyse exact calculations of the individual model, without any prefixed distribution; in other words, the paper is aimed at studying the individual risk theory considering an insurance policy (of an insurance portfolio or of a pension fund) as...