ILFPareto {NetSimR}

Increased Limit Factor Curve from a Pareto severity distribution

Description

Increased Limit Factor Curve from a Pareto severity distribution

Usage

ILFPareto(xLow, xHigh, scale, shape)

Arguments

xLow

A positive real number - the claim amount where the Increased Limit Factor Curve will be evaluated from.

xHigh

A positive real number - the claim amount where the Increased Limit Factor Curve will be evaluated to.

scale

A positive real number - the scale parameter of the Claim Severity's Pareto distribution.

shape

A positive real number - the shape parameter of the Claim Severity's Pareto distribution.

Value

The value of the Increased Limit Factor curve from xLow to xHigh with Claim Severity from a Pareto distribution with parameters scale and shape.

Examples

ILFPareto(700,1200,500,1.2)
ILFPareto(1200,20000,200,1.1)