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Section IX

Extension of the collective risk theory

Pages 84-98 | Published online: 22 Dec 2011
 

Abstract

In its original form the collective risk theory is based upon the assumption that the r.v. Y(t), the total amount of claims up to the (operational) time t, is a generalized Poisson process and thus has a d.f. of the form a c.f. of the form where is the generalized c.f. of the claim distribution P(y).

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