Abstract
Exact calculations in the individual risk model are possible, but are very time consuming. Therefore, a number of recursive methods for approximate computation of the aggregate claims distribution and stop-loss premiums have been developed. In the present paper a general class of such approximation methods is considered, containing the higher order approximations suggested by Kornya, Hipp and De Pril. In this way, the treatment of the different methods is unified and extended to a more general setting. Some new theoretical error bounds are derived, giving a quantitative measure of the accuracy of the approximations.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
