Jim Daniel's STAM Seminar Excerpts

Aggregate severity, especially discrete type; aggregate deductibles




Aggregate severity, especially discrete type; aggregate deductibles describes aggregate severity, especially in the special case of a discrete-type severity, and considers simple deductibles applied to aggregate losses. The main point here is that you needn't learn fancy formulas or sophisticated methods such as convolutions to solve the problems in this setting that appear on STAM exams. It contains about 6.5 pages of text. Here is the table of contents:

  • 1.1 Aggregate severity in general
  • 1.2 Discrete-type aggregate severity
    • 1.2.1 When individual severity canNOT be 0
    • 1.2.2 When individual severity CAN be 0
  • 1.3 Simple deductibles on discrete-type aggregate severity

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