Abstract
This paper presents a rationale for using simulation to generate samples of serious Workers’ Compensation claims. It further describes choices which must be made in sources and use of data as well as procedure and interpretation of results. Components of a specific model are developed and a few conclusions drawn based on our knowledge of some actual studies using simulation.
Reinsurance Research - Loss Distributions, Size of
Volume
May
Page
226-258
Year
1986
Categories
Financial and Statistical Methods
Aggregation Methods
Simulation
Financial and Statistical Methods
Loss Distributions
Business Areas
Reinsurance
Business Areas
Workers Compensation
Publications
Casualty Actuarial Society Discussion Paper Program
