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ABSTRACT
In this study a Weibull-Pareto model is developed and suggested to model loss payments and other forms of actuarial data. This model is a Weibull distribution up to a threshold point, and some form of Pareto distribution thereafter. They are similar in spirit to some composite lognormal-Pareto models that have previously been considered in the literature review. The Weibull-Pareto model will be applied, and its performance compared, in the context of a real world insurance data.
