About this document

COTOR Challenge: Risk Analysis Overview by Nitya Salsabila is a document available to read on EtoBox.

This document describes a claim severity and frequency modeling problem. There are three risks (A, B, C) located across multiple metropolitan statistical areas. Risk A and B have deductibles of $1,000 and $500 respectively, while Risk C has no deductible. The exposure and limits are constant over time. The document specifies several properties of the model, including that severity follows a heavy-tailed distribution. A Pareto distribution is fit to the data using maximum likelihood estimation. Goodness of

Author

Nitya Salsabila

Language

EN