Gathy, Maude; Lefèvre, Claude - In: Insurance: Mathematics and Economics 47 (2010) 1, pp. 76-83
The Panjer (Katz) family of distributions is defined by a particular first-order recursion which is built on the basis of two parameters. It is known to characterize the Poisson, negative binomial and binomial distributions. In insurance, its main usefulness is to yield a simple recursive...