HAREL, ARIE; HARPAZ, GIORA - In: International Journal of Theoretical and Applied … 10 (2007) 02, pp. 389-397
This paper derives the multi-period fair actuarial values for six deductible insurance policies offered in today's insurance markets. The loss in any given period is generated by the Weibull distribution with a known shape parameter but an unknown scale parameter. The insurer is assumed to be a...