Estimating Insurance Loss Distributions in General Insurance Contracts: A Case Study in Ghana
Insurance loss modeling concerns the prediction of future claims from policyholders in different risk classes based on past observations of claims made by the policyholders in these classes.It is a fundamental branch of Actuarial science and one of the cornerstones in general insurance contracts.Loss modeling and its variations have been widely studied by researchers in actuarial science and successfully applied by practisioners. Perhaps one of the most well-known theories along this line is ...