Abstract
In this chapter, we elaborate on and develop some ideas which were already presented in Section 1.1. Recall that the expectation of the total claim amount determines the net premium. Based on the net premium, the insurer determines the total premium that must be paid by the policy holder. We start in Section 17.1 with the calculation of the df, expectation and variance of the total claim amount.
co-authored by M. Radtke
Kölnische Rückversicherung; co-authored the first edition.
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References
For details and further references, see, e.g., Kremer, E. (1992). The total claims amount of largest claims reinsurance revisited. Blätter DGVM 22, 431–439.
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(2007). The Impact of Large Claims on Actuarial Decisions. In: Statistical Analysis of Extreme Values. Birkhäuser Basel. https://doi.org/10.1007/978-3-7643-7399-3_17
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DOI: https://doi.org/10.1007/978-3-7643-7399-3_17
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