A compound renewal model for medical malpractice insurance

DOI10.1007/S13385-013-0080-XMaRDI QIDQ487580zbMATH OpenOpenAlexFDO

Authors Ghislain Léveillé, Emmanuel Hamel

Publication date 22 January 2015

Published in European Actuarial Journal (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s13385-013-0080-x

zbMATH Keywords

renewal processcopulasdependence measuresvalue-at-riskautocorrelation functionstochastic interest rateaggregate discounted payments and expensesjoint and raw momentsmedical malpractice

Mathematics Subject Classification ID

Applications of statistics to actuarial sciences and financial mathematics (62P05) Applications of renewal theory (reliability, demand theory, etc.) (60K10)

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Cites work

• Copula models for estimating outstanding claim provisions
• Covariance of discounted compound renewal sums with a stochastic interest rate
• Cuba -- a library for multidimensional numerical integration
• Moments of compound renewal sums with discounted claims
• Multivariate conditional versions of Spearman's rho and related measures of tail dependence
• Recursive Moments of Compound Renewal Sums with Discounted Claims
• Understanding Relationships Using Copulas

Cited in

(5)

• A compound trend renewal model for medical/professional liabilities
• Asymptotic correlation structure of discounted incurred but not reported claims under fractional Poisson arrival process
• On multivariate discounted compound renewal sums with time-dependent claims in the presence of reporting/payment delays
• Are malpractice insurance premiums a tort signal that influence physician hours worked?
• Conditional, non-homogeneous and doubly stochastic compound Poisson processes with stochastic discounted claims

Describes a project that uses

Uses Software

• Cuba

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