ILFSlicedLNormPareto: Increased Limit Factor Curve from a Sliced LogNormal Pareto...

In NetSimR: Actuarial Functions for Non-Life Insurance Modelling

Increased Limit Factor Curve from a Sliced LogNormal Pareto severity distribution

Description

Increased Limit Factor Curve from a Sliced LogNormal Pareto severity distribution

Usage

ILFSlicedLNormPareto(xLow, xHigh, mu, sigma, SlicePoint, shape)

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.
mu	A real number - the first parameter of the attritional Claim Severity's LogNormal distribution.
sigma	A positive real number - the second parameter of the attritional Claim Severity's LogNormal distribution.
SlicePoint	A positive real number - the slice point and the scale parameter of the tail Claim Severity's Pareto distribution.
shape	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 LogNormal distribution with parameters mu and sigma and a large claim Pareto distribution with parameters SlicePoint and shape.

Examples

ILFSlicedLNormPareto(800,1200,6,1.5,1000,1.2)
ILFSlicedLNormPareto(2000,4000,7,1.6,3000,1.4)

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