Add excel example simulations using full frequency and severity modeling with a copula for corrlations between loss types:
- Simulate attritional losses using capped log-normal
- Simulate large losses using frequency (negative binomial) and severity (log-normal)
- Simulate cat losses using input EP curve
Correlate loss types with student-t copula. Use high correlation ~0.7 between attritional and large frequency, low correlation between large severity ~0.1, low correlation with cat ~0.1.
Add excel example simulations using full frequency and severity modeling with a copula for corrlations between loss types:
Correlate loss types with student-t copula. Use high correlation ~0.7 between attritional and large frequency, low correlation between large severity ~0.1, low correlation with cat ~0.1.