Value-At-Risk Untuk Severitas Klaim Berdistribusi Rayleigh

This final project discusses the evaluation of value-at-risk for claim severity having a Rayleigh distribution. Value-at-risk is the estimation of maximum loss which can occur with -level of confidence over a certain period of time. The losses caused by the large value of the claims can be overcome by a transformation called the proportional hazard transform. From this tranformation a new…