Please use this identifier to cite or link to this item: http://hdl.handle.net/10553/75495
Title: On the Usefulness of the Logarithmic Skew Normal Distribution for Describing Claims Size Data
Authors: Gómez-Déniz, Emilio 
Calderín-Ojeda, E.
UNESCO Clasification: 5301 Política fiscal y hacienda pública nacionales
Issue Date: 2020
Project: Aportaciones A la Toma de Decisiones Bayesianas Óptimas: Aplicaciones Al Coste-Efectividad Con Datos Clínicos y Al Análisis de Riestos Con Datos Acturiales. 
Journal: Mathematical Problems in Engineering 
Abstract: In this paper, the three-parameter skew lognormal distribution is proposed to model actuarial data concerning losses. This distribution yields a satisfactory fit to empirical data in the whole range of the empirical distribution as compared to other distributions used in the actuarial statistics literature. To the best of our knowledge, this distribution has not been used in insurance context and it might be suitable for computing reinsurance premiums in situations where the right tail of the empirical distribution plays an important role. Furthermore, a regression model can be simply derived to explain the response variable as a function of a set of explanatory variables.
URI: http://hdl.handle.net/10553/75495
ISSN: 1024-123X
DOI: 10.1155/2020/1420618
Source: Mathematical Problems in Engineering [ISSN 1024-123X], v. 2020, 1420618, (Enero 2020)
Appears in Collections:Artículos
Thumbnail
pdf
Adobe PDF (1,41 MB)
Show full item record

SCOPUSTM   
Citations

3
checked on Dec 4, 2022

Page view(s)

104
checked on Sep 24, 2022

Download(s)

68
checked on Sep 24, 2022

Google ScholarTM

Check

Altmetric


Share



Export metadata



Items in accedaCRIS are protected by copyright, with all rights reserved, unless otherwise indicated.