E[L] = E[N] x E[S]
Var[L] = Var[S] x E[N] + Var[N] x E[S] x E[S]
David Ruhm
Mary_Frances_Miller @ sedgus.com
09/03/97 12:05 PM
Please respond to casnet@lists.casact.org
To: casnet @ lists.casact.org, MAS2 @ ChartwellRe.com
cc: (bcc: David Ruhm/UUG/USA/Zurich)
Subject: Re[2]: Simulation
We also use Klugman's collective risk program to put the frequency and
severity together. Works really well if you have to model, say, large
losses separately from small ones and then convolute the two results.
Mary Frances Miller
______________________________ Reply Separator
_________________________________
Subject: RE: Simulation
Author: "Sce; Michael" <MAS2@ChartwellRe.com> at _internet
Date: 9/3/97 10:31 AM
>
>
>Regarding simulation software, I would like to share a couple of points:
>
>1. Mr. Klugman's software is very good as a curve fitting device for
>frequency and severity distributions. This is input for your simulation.
>
Visit the CAS Web Site at http://www.casact.org
===============================================
To subscribe or unsubscribe from CASNET:
Send an e-mail to caslists@lists.casact.org
Type in the body join casnet to subscribe
or leave casnet to unsubscribe.
Visit the CAS Web Site at http://www.casact.org
===============================================
To subscribe or unsubscribe from CASNET:
Send an e-mail to caslists@lists.casact.org
Type in the body join casnet to subscribe
or leave casnet to unsubscribe.