A Review of Panjer's Recursion Formula and its Applications
- 1 April 1995
- journal article
- review article
- Published by Cambridge University Press (CUP) in British Actuarial Journal
- Vol. 1 (1) , 107-124
Abstract
This paper reviews Panjer's recursion formula for evaluation of compound distributions and illustrates how it can be applied to life and general insurance problems.Keywords
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