Research Article | 01-June-2020
Modelling claims severity for obtaining insurance premium is one of the major concerns of the insurance industry. There is a considerable amount of literature on the actuarial application of the copula model to calculate the pure premium. In this paper, we model claims severity for computing the pure premium in the collision market by means of the count copula model. Moreover, we apply a regression model using a generalized beta distribution of the second kind (GB2) to compute the premium for
Hadi Safari-Katesari,
Samira Zaroudi
Statistics in Transition New Series, Volume 21 , ISSUE 2, 1–12