Burnecki, Krzysztof; Janczura, Joanna; Weron, Rafał - 2010
This paper is intended as a guide to building insurance risk (loss) models. A typical model for insurance risk, the so …-called collective risk model, treats the aggregate loss as having a compound distribution with two main components: one characterizing … distribution. The collective risk model is often used in health insurance and in general insurance, whenever the main risk …