Kim, Minkun; Lindberg, David; Crane, Martin; … - In: Econometrics : open access journal 11 (2023) 4, pp. 1-32
In actuarial practice, the modeling of total losses tied to a certain policy is a nontrivial task due to complex distributional features. In the recent literature, the application of the Dirichlet process mixture for insurance loss has been proposed to eliminate the risk of model...