Policyholders of a certain insurance company have accidents, Ask an Expert

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Policyholders of a certain insurance company have accidents at times distributed according to a Poisson process with rate λ. The amount of time from when the accident occurs until a claim is made has distribution G.

(a) Find the probability there are exactly n incurred but as yet unreported claims at time t.

(b) Suppose that each claim amount has distribution F, and that the claim amount is independent of the time that it takes to report the claim. Find the expected value of the sum of all incurred but as yet unreported claims at time t.

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M91721562

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