A New Generalization of the Pareto Distribution and Its Application to Insurance Data
AbstractThe Pareto classical distribution is one of the most attractive in statistics and particularly in the scenario of actuarial statistics and finance. For example, it is widely used when calculating reinsurance premiums. In the last years, many alternative distributions have been proposed to obtain better adjustments especially when the tail of the empirical distribution of the data is very long. In this work, an alternative generalization of the Pareto distribution is proposed and its properties are studied. Finally, application of the proposed model to the earthquake insurance data set is presented. View Full-Text
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Ghitany, M.E.; Gómez-Déniz, E.; Nadarajah, S. A New Generalization of the Pareto Distribution and Its Application to Insurance Data. J. Risk Financial Manag. 2018, 11, 10.
Ghitany ME, Gómez-Déniz E, Nadarajah S. A New Generalization of the Pareto Distribution and Its Application to Insurance Data. Journal of Risk and Financial Management. 2018; 11(1):10.Chicago/Turabian Style
Ghitany, Mohamed E.; Gómez-Déniz, Emilio; Nadarajah, Saralees. 2018. "A New Generalization of the Pareto Distribution and Its Application to Insurance Data." J. Risk Financial Manag. 11, no. 1: 10.
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