In this paper, we propose a copula-free approach for modeling correlated frequency distributions using an Erlang-based multivariate mixed Poisson distribution. We investigate some of the properties possessed by this class of distributions and derive a tailor-made expectation-maximization (EM)...

In this paper, we introduce a class of multivariate Erlang mixtures and present its desirable properties. We show that a multivariate Erlang mixture could be an ideal multivariate parametric model for insurance modeling, especially when modeling dependence is a concern. When multivariate losses...