This report uses UK fire statistics to model insurance claims for a company next year. It estimates the total sum of claims by modeling both the number and size of fires as random variables from statistical distributions. Monte Carlo simulations in R are used to predict the probability distribution of total claim costs.
top of page
Rechercher
Posts récents
Voir toutEffective risk management requires understanding aggregate risks, individual business unit riskiness, and systemic risks. Realistic...
10
The paper explains Artificial Intelligence (AI), focusing on Generative AI, its role in finance, and its differences from Machine...
30
Insurers face complex risk dependencies in loss reserving. Additive background risk models (ABRMs) offer interpretable structures but can...
10
bottom of page
Comentarios