Abstract
This paper is a discussion of Bruce Ollodart's 1997 Winter Forum paper on using S-Curves to model environmental and mass tort liabilities. To start, there is a brief summary of Ollodart's paper. Then I introduce a type of S-Curve known as the logistic curve. The logistic curve assumes a maximum number of claims so it eliminates at least one of the problems Ollodart mentions with the curves he discusses. Finally, I finish with some comments on the modeling process.
Volume
Summer
Page
231-244
Year
2003
Categories
Business Areas
Latent Exposures
Environmental
Financial and Statistical Methods
Extreme Event Modeling
Other Extreme Events
Financial and Statistical Methods
Statistical Models and Methods
Publications
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