The following review addresses some (continuous) loss severity distribution types.
The following review addresses some (continuous) loss severity distribution types.
Due to the practical relevance, the investigation primarily focuses on a selection of basic two-parametric distribution exhibiting semi-infinite support.
The analyses and comparisons can be of particular relevance for practitioners and scientists in the fields of quantitative risk modeling and non-life insurance mathematics, not least in the context of expert elicitations.
Johann Markus Schauerhuber
During his studies and academic resp. professional activities Johann Markus Schauerhuber has been intensively involved in statistical programming, stochastic, risk theory, simulation and mathematical modeling.
Most of his professional experience from 1990 to date has been gained in the university domain as an academic director, postdoc lecturer / researcher and in government authorities.
Two-parametric distributions Semi-infinite Support Beta prime distribution Birnbaum-Saunders distribution Exponential-logarithmic distribution Log-logistic distribution