Publication date: Available online 10 January 2018
Source:Insurance: Mathematics and Economics
Author(s): Sibel Acik Kemaloglu, Arnold F. Shapiro, Fatih Tank, Aysen Apaydin
One reason why an independent claim amounts assumption underlies classic risk models is because it simplifies calculations. As an alternative, this paper investigates the dependence structure via the Farlie–Gumbel–Morgenstern (FGM) Copula and its interpretation given a fuzzy logic approach for claim amounts arising from a Pareto distribution.
Source:Insurance: Mathematics and Economics
Author(s): Sibel Acik Kemaloglu, Arnold F. Shapiro, Fatih Tank, Aysen Apaydin