Univerzita Pardubice Fakulta ekonomicko- správní

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Pareto Distribution in Non-proportional Reinsurance

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Tituly:

Jazyk	Název	Abstrakt	Klíčová slova
cze	Paretovo rozdelenie v neproporcionálnom zaistení		neproporcionálne zaistenie;Paretovo rozdelenie;zaistné
eng	Pareto Distribution in Non-proportional Reinsurance	In this paper we use the Pareto model to estimate risk premium for excess of loss treaties with high deductibles, where loss experience is insufficient and could therefore be misleading. Pareto distribution is possible use to estimate the unknown frequency of losses exceeding any given high deductible if we know the frequency at a low deductible. Having learnt how to extrapolate frequencies and to determine expected excess losses, we can calculate the expected excess loss burden, or the risk premium. If the risk premium for one layer of an excess of loss programme is known, it becomes possible to extrapolate risk premiums directly for additional layers.	Non-proportional reinsurance;Pareto distribution;risk premium