Random Shifting and Scaling of Insurance Risks
From MaRDI portal
Abstract: Random shifting typically appears in credibility models whereas random scaling is often encountered in stochastic models for claim sizes reflecting the time-value property of money. In this article we discuss some aspects of random shifting and random scaling in insurance focusing in particular on credibility models, dependence structure of claim sizes in collective risk models, and extreme value models for the joint dependence of large losses. We show that specifying certain actuarial models using random shifting or scaling has some advantages for both theoretical treatments and practical applications.
This page was built for publication: Random Shifting and Scaling of Insurance Risks
Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q6250695)
