volume 1, issue 1, P107-124 1995
DOI: 10.1017/s1357321700000969
View full text
D.C.M. Dickson

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 Recursions; Collective Risk Model; Probability of Ruin; Individual Risk Model