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Author Rivas, Victoria ♦ Cuesta, Alfredo
Source CiteSeerX
Content type Text
File Format PDF
Subject Domain (in DDC) Computer science, information & general works ♦ Data processing & computer science
Subject Keyword Copula Theory ♦ Claim Size ♦ Computational Solution ♦ High Computational Load ♦ Previous Knowledge ♦ Software Tool ♦ Multivariate Distribution Function Copula ♦ Monte Carlo Method ♦ Dependent Risk ♦ Matlab Command ♦ Different Branch ♦ Graphical User Interface ♦ Insurance Sector ♦ Risk Factor ♦ Matlab Environment
Abstract Abstract:- One of the contributions of copula theory to insurance sector is the consideration of dependent risks when fixing the premium. In this article a software tool developed for Matlab 7.0 is introduced. The goal of the tool is to simulate claim size of different branches or risk factors using Monte Carlo method and including multivariate distribution functions Copulas. The tool is powerful because Matlab environment is very suitable to the high computational load involved. Besides a graphical user interface is provided so that a previous knowledge of either copula theory or Matlab command should be as less as possible.
Educational Role Student ♦ Teacher
Age Range above 22 year
Educational Use Research
Education Level UG and PG ♦ Career/Technical Study
Learning Resource Type Article