In insurance and related industries including healthcare, it is common to have several outcome measures that the analyst wishes to understand using explanatory variables. For example, in automobile insurance, an accident may result in payments for damage to one's own vehicle, damage to another...

Bundled insurance contracts, providing protection based on several loss coverages, are attractive because they allow insurers to focus on the needs of the policyholder. A common contract feature is a deductible set so that the insurance pays the excess over the deductible of the sum of losses...