Abstract
Renewal process is a generalization of the homogeneous Poisson process obtained by dropping the assumption of exponential interarrival times. The corresponding counting process will serve as a model for claim number process. Our approach in this chapter relies heavily on [Fe], [RSST]. All the random variables are defined on a probability space (Ω, ℱ, P).
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© 2009 Hindustan Book Agency
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Ramasubramanian, S. (2009). Renewal model. In: Lectures on Insurance Models. Texts and Readings in Mathematics. Hindustan Book Agency, Gurgaon. https://doi.org/10.1007/978-93-86279-44-6_3
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DOI: https://doi.org/10.1007/978-93-86279-44-6_3
Publisher Name: Hindustan Book Agency, Gurgaon
Print ISBN: 978-81-85931-93-7
Online ISBN: 978-93-86279-44-6
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