EconPapers    
Economics at your fingertips  
 

Analyzing Insurance Data with an Alpha Power Transformed Exponential Poisson Model

Mohammed A. Meraou (), Mohammad Z. Raqab () and Fatmah B. Almathkour ()
Additional contact information
Mohammed A. Meraou: University of Djillali Liabes
Mohammad Z. Raqab: Kuwait University
Fatmah B. Almathkour: Kuwait University

Annals of Data Science, 2025, vol. 12, issue 3, No 8, 1011 pages

Abstract: Abstract In this paper, we propose a new model by adding an additional parameter to the baseline distributions for modeling claim and risk data used in actuarial and financial studies. The new model is called alpha power transformed exponential Poisson model. It has three parameters and its probability density function can be skewed and unimodal. Several distributional properties of the proposed model such as reliability, hazard rate, quantile and moments are established. Estimation of the unknown parameters based on maximum likelihood estimation are derived and risk measures such as value at risk and tail value at risk are computed. Moreover, the performance of these measures is illustrated via numerical simulation experiments. Finally, two real data sets of insurance losses are analyzed to check the potential of the proposed model among some of the existing models.

Keywords: Exponential Poisson model; Maximum likelihood estimation; Monte Carlo simulation; Risk measures; Tail value at risk; Value at risk; 62E15; 62F10; 62H10 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s40745-024-00554-z Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:aodasc:v:12:y:2025:i:3:d:10.1007_s40745-024-00554-z

Ordering information: This journal article can be ordered from
https://www.springer ... gement/journal/40745

DOI: 10.1007/s40745-024-00554-z

Access Statistics for this article

Annals of Data Science is currently edited by Yong Shi

More articles in Annals of Data Science from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2025-06-03
Handle: RePEc:spr:aodasc:v:12:y:2025:i:3:d:10.1007_s40745-024-00554-z