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Research Article | Open Access
Volume 14 2022 | None
MODELLING THE FREQUENCY AND SEVERITY OF COMMERCIAL FIRE INSURANCE CLAIMS IN MALAYSIA
Syed Mustafa Hasan Rizvi , and Ho Ming Kang , Alex Lim Jun Xiong
Pages: 7322-7327
Abstract
This excellent studies based on the particular commercial open up open fire claims info gathered from the non-life insurance company within Malaysia. Building the precise price related to repeat in addition regarding company fire place statements are essential to enjoy far better concerning the risk which can be used from your Open open fire Insurance policies inside of Malaysia. Poisson, Geometric,additionally Undesirable Binomial intègre are often chose to design exactly what says frequency simultaneously Molteplicit?, Lognormal and also Weibull intègre in many cases are made a decision to style precisely what says strength
Keywords
Fire claims; Claim frequency; Claim severity; Goodness of fit tests; Akaike Information Criterion (AIC); Bayesian Information Criterion (BIC); Collective Risk model; Normal approximation
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