Abstract
Distribution of risks by size is important in many lines of commercial casualty insurance, and yet there seems to be no evidence in the Proceedings of any attempt to provide a workable mathematical model for this distribution. This paper will indicate that there is a basic model which provides excellent fit of the raw data in many instances. Also, the paper will illustrate an application of the model to a study of certain types of expense by size of risk.
Volume
LIII
Page
106-114
Year
1966
Categories
Actuarial Applications and Methodologies
Ratemaking
Expense Loads
Financial and Statistical Methods
Loss Distributions
Severity
Publications
Proceedings of the Casualty Actuarial Society
