Abstract
Africa has long been ignored with respect to among others insurance modeling. In this paper, we propose a model for automobile claim data from Ghana. The body of the data are modeled by a lognormal distribution. However, the tail is noted be too heavy to be modeled by a single heavy tailed distribution. A mixture of distributions is used to model the tail. Estimates of risk are given. (c) 2021 Elsevier B.V. All rights reserved.
NSTL
Elsevier