Empacher, Christina; Kamps, Udo; Schmiedt, Anja Bettina - In: European Actuarial Journal 15 (2024) 1, pp. 163-197
, statistical prediction of extreme claims or losses in insurance industry is considered based on upper record values, which … (here in particular, a future record claim) based on a sequence of previously observed record values (here, past record … record values as well as the choice of the Pareto distribution is discussed. In the case of a small number of record values …