Ahn, Soohan; Kim, Joseph H.T.; Ramaswami, Vaidyanathan - In: Insurance: Mathematics and Economics 51 (2012) 1, pp. 43-52
Many insurance loss data are known to be heavy-tailed. In this article we study the class of Log phase-type (LogPH) distributions as a parametric alternative in fitting heavy tailed data. Transformed from the popular phase-type distribution class, the LogPH introduced by Ramaswami exhibits...
