ILFSlicedGammaPareto: Increased Limit Factor Curve from a Sliced Gamma Pareto...

In NetSimR: Actuarial Functions for Non-Life Insurance Modelling

Increased Limit Factor Curve from a Sliced Gamma Pareto severity distribution

Description

Increased Limit Factor Curve from a Sliced Gamma Pareto severity distribution

Usage

ILFSlicedGammaPareto(xLow, xHigh, GShape, GRate, SlicePoint, PShape)

Arguments

xLow	A positive real number - the claim amount where the Limit Factor Curve will be evaluated from.
xHigh	A positive real number - the claim amount where the Limit Factor Curve will be evaluated to.
GShape	A positive real number - the shape parameter of the attritional Claim Severity's Gamma distribution.
GRate	A positive real number - the rate parameter of the attritional Claim Severity's Gamma distribution.
SlicePoint	A positive real number - the slice point and the scale parameter of the tail Claim Severity's Pareto distribution.
PShape	A positive real number - the shape parameter of the tail Claim Severity's Pareto distribution.

Value

The value of the Increased Limit Factor curve from xLow to xHigh with an attritional claim Gamma distribution with parameters GShape and GRate and a large claim Pareto distribution with parameters SlicePoint and PShape.

Examples

ILFSlicedGammaPareto(2000,3000,1,0.0005,1000,1.2)
ILFSlicedGammaPareto(800,1000,1.1,0.0006,2000,1.6)
ILFSlicedGammaPareto(1200,2000,1.2,0.0004,3000,1.4)

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