Model insurance claims in aggregate.
Free CAS MAS-I (Modern Actuarial Statistics I) lesson in Statistics. 9 min read, ~1,319 words.
Collective risk model: where is claim count and are iid severities independent of. Compound mean and variance:;. Compound Poisson shortcut: if, then. Panjer recursion applies when is in the class (Poisson, binomial, negative binomial) and is discrete. Stop-loss premium:.
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
Learning objectives
- B6
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