Modelling and Simulation in Non-life Insurance

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F11%3A39883476" target="_blank" >RIV/00216275:25410/11:39883476 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Modelling and Simulation in Non-life Insurance
Original language description
Modelling and simulations are necessary and useful in actuarial analysis in non-life insurance mainly in cases where we cannot find a sufficient number of real data. A typical example is the collective risk model, where we know only one value for the calendar year. Using goodness of fit tests we can often find distributions of the number and of the amount of claims and Monte Carlo simulations enable us to simulate a sufficient number of total claims amount. Simulated values then we will use in determining the collective risk model, calculating the premium and risk measures. The article presents a theoretical approach of these probability models and simulations, together with examples of applications.
Czech name
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Czech description
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Project
<a href="/en/project/GA402%2F09%2F1866" target="_blank" >GA402/09/1866: Modelling, Simulations and Management of Insurance Risks</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2011
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Recent Researches in Applied Mathematics, Simulation and Modelling 2011
ISBN
978-1-61804-016-9
ISSN
1792-4332
e-ISSN
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Number of pages
5
Pages from-to
129-133
Publisher name
WSEAS Press
Place of publication
Stevens Point
Event location
Corfu
Event date
Jul 14, 2011
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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