In this paper, we develop a number of new composite models for modelling individual claims in general insurance. All … compared to the existing composite models which differentiate only between the small and large claims. For each proposed model … statistical criteria. They generally outperform the existing composite models in the literature, which comprise only two …

volatility of the standard formula is higher than the volatility estimated with internal models such as composite models, also …

volatility of the standard formula is higher than the volatility estimated with internal models such as composite models, also …

composite models are tested by employing different claims datasets. …

composite models are tested by employing different claims datasets. …

Composite models have received much attention in the recent actuarial literature to describe heavy-tailed insurance …

Composite models have received much attention in the recent actuarial literature to describe heavy-tailed insurance …