ILFPareto: Increased Limit Factor Curve from a Pareto severity...

In NetSimR: Actuarial Functions for Non-Life Insurance Modelling

Increased Limit Factor Curve from a Pareto severity distribution

Description

Increased Limit Factor Curve from a Pareto severity distribution

Usage

ILFPareto(xLow, xHigh, scale, shape)

Arguments

xLow	A positive real number - the claim amount where the Increased Limit Factor Curve will be evaluated from.
xHigh	A positive real number - the claim amount where the Increased Limit Factor Curve will be evaluated to.
scale	A positive real number - the scale parameter of the Claim Severity's Pareto distribution.
shape	A positive real number - the shape parameter of the Claim Severity's Pareto distribution.

Value

The value of the Increased Limit Factor curve from xLow to xHigh with Claim Severity from a Pareto distribution with parameters scale and shape.

Examples

ILFPareto(700,1200,500,1.2)
ILFPareto(1200,20000,200,1.1)

NetSimR documentation built on Oct. 25, 2023, 1:08 a.m.