Using a spreadsheet, simulate a random number of claims from a Poisson process using the property that

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Using a spreadsheet, simulate a random number of claims from a Poisson process using the property that the interarrival time of claims from a Poisson process is an exponential distribution. Hint: Use Equation 14.9 and calculate the cumulative time.

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Pricing In General Insurance

ISBN: 9780367769031,9781000860832

2nd Edition

Authors: Pietro Parodi

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Question Posted: Jul 24, 2024 03:05 AM

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Using a spreadsheet, simulate a random number of claims from a Poisson process using the property that

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Pricing In General Insurance

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