Browsing Faculty of Science & Technology (FST) by Author "Ogeno, Beatrice A"
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Markov chains and mixed poisson distributions in the no claims discount systems
Ogeno, Beatrice A (University of Nairobi, 2015-06)Most NCD systems are unfair to either or both parties. Most systems are that of the simple random walk model, whereby in case of a claim, the policyholder moves down a discount level and vice versa. Then there are the ...