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Discrete Distributions in Actuarial Applications

July 12, 2020

Actuarial Applications involve usage of probability distributions to a great extent. There are two types of probability distributions, one is Discrete Distributions and the other is Continuous Distributions. In this article, we will look into the varied Applications of Discrete Distributions in Actuarial Science using …

Introduction to Reinsurance and its application in R software

October 12, 2019

This post is by Mathematicacity. The link to the website is given below. Meaning of Reinsurance:  Reinsurance is the insurance taken by the insurance companies itself. The reinsurance is undertaken by the insurance companies to mitigate risk. It helps the company to share the …