Approximation methods for distributions of aggregate insurance losses

The distribution of aggregate claims of a portfolio has been a central topic in risk theory. The discussion has focussed on two problems: the choice of the distribution and its numerical evalution by means of an approximation. The paper describes the method of approximation by means of orthogonal p...

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Main Author: Valerija Karpickaitė
Format: Article
Language:English
Published: Vilnius University Press 2025-02-01
Series:Lietuvos Matematikos Rinkinys
Online Access:https://www.zurnalai.vu.lt/LMR/article/view/38240
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author Valerija Karpickaitė
author_facet Valerija Karpickaitė
author_sort Valerija Karpickaitė
collection DOAJ
description The distribution of aggregate claims of a portfolio has been a central topic in risk theory. The discussion has focussed on two problems: the choice of the distribution and its numerical evalution by means of an approximation. The paper describes the method of approximation by means of orthogonal polynomoales, the Edgeworth and the Esscher methods.
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institution OA Journals
issn 0132-2818
2335-898X
language English
publishDate 2025-02-01
publisher Vilnius University Press
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series Lietuvos Matematikos Rinkinys
spelling doaj-art-6507f8bbfcb74305b205fb63c6ba73262025-08-20T01:52:23ZengVilnius University PressLietuvos Matematikos Rinkinys0132-28182335-898X2025-02-0137I10.15388/LMD.1997.38240Approximation methods for distributions of aggregate insurance losses Valerija Karpickaitė0Kaunas University of Technology The distribution of aggregate claims of a portfolio has been a central topic in risk theory. The discussion has focussed on two problems: the choice of the distribution and its numerical evalution by means of an approximation. The paper describes the method of approximation by means of orthogonal polynomoales, the Edgeworth and the Esscher methods. https://www.zurnalai.vu.lt/LMR/article/view/38240
spellingShingle Valerija Karpickaitė
Approximation methods for distributions of aggregate insurance losses
Lietuvos Matematikos Rinkinys
title Approximation methods for distributions of aggregate insurance losses
title_full Approximation methods for distributions of aggregate insurance losses
title_fullStr Approximation methods for distributions of aggregate insurance losses
title_full_unstemmed Approximation methods for distributions of aggregate insurance losses
title_short Approximation methods for distributions of aggregate insurance losses
title_sort approximation methods for distributions of aggregate insurance losses
url https://www.zurnalai.vu.lt/LMR/article/view/38240
work_keys_str_mv AT valerijakarpickaite approximationmethodsfordistributionsofaggregateinsurancelosses