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Forecasting of claim by combining probability distributions     
Yazarlar (3)
Elif Makbule Çekici
Marmara Üniversitesi, Türkiye
Dr. Öğr. Üyesi Hakan AYDOĞAN Dr. Öğr. Üyesi Hakan AYDOĞAN
Kastamonu Üniversitesi, Türkiye
Serkan Eti
İstanbul Medipol Üniversitesi, Türkiye
Devamını Göster
Özet
Purpose The purpose of this study is to focus on forecasting the total claim distribution of fire-disaster and transportation insurances by combining probabilities of claim distribution using the data for 2014 and 2015. Methodology In this study, the combination of Weibull and Gamma distributions of fire-disaster and transport policies are discussed. By combining two different probability density function (PDF), a single PDF is derived and thus it is aimed to provide convenience in calculations. Findings Two probability distributions were combined with mathematical methods. As a result, a single probability density function was obtained. This probability density function can represent the total claim distribution. Conclusion In conclusion, we used the data regarding fire-disaster and transportation insurances for 2014 and 2015. Insurance firms that offer these two policies to their customers need to determine their risk taking into consideration the total claim distribution from the policies. Since Weibull and Gamma distributions have a PDF, it is necessary to integrate the multiplication of the characteristic functions for combining these two distributions. The PDF obtained as a result of mathematical operations is the PDF of the total claim distribution.
Anahtar Kelimeler
Makale Türü Özgün Makale
Makale Alt Türü ESCI dergilerinde yayınlanan tam makale
Dergi Adı Journal of Business, Economics and Finance
Dergi ISSN 2146-7943
Dergi Tarandığı Indeksler ISI, ESCI, ECONLIT, EBSCO, ProQuest
Makale Dili İngilizce
Basım Tarihi 09-2018
Cilt No 7
Sayı 3
Sayfalar 319 / 324
Doi Numarası 10.17261/Pressacademia.2018.959
Makale Linki http://dx.doi.org/10.17261/pressacademia.2018.959
BM Sürdürülebilir Kalkınma Amaçları
Atıf Sayıları
Google Scholar 3
Forecasting of claim by combining probability distributions

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