"This paper considers some univariate and multivariate #operationalrisk#models , in which the #loss severities are modeled by some weakly tail dependent and heavy-tailed positive random variables, and the loss frequency processes are some general counting processes. … The methodology is based on #capitalapproximation within the #baseliii framework (the so-called loss distribution approach)."
Traditional #statistical and #algorithm-based methods used to analyze #bigdata often overlook small but significant evidence. #bayesian #statistics, driven by #conditional #probability, offer a soluti
"The #eu proposal for the #artificialintelligenceact (#aia) defines four #risk categories: unacceptable, high, limited, and minimal. However, as these categories statically depend on broad fields of a
This paper claims to contribute to the understanding of #peertopeer, #decentralized distributed #insurance as a viable alternative to traditional insurance models, offering potential solutions to addr