Mode lag Section 17 Models for the aggregate Zoss Compound distribatreas (1) «Collective gf Gecpound Medel for Aggy ejate Chains iA one peried Aggregate chins of, aggregate lases tefers Jo the bh! ofall heses tat olur fA aw spout fered of time. The components ‘of the compound model ase: GN tee number of claims ti, whee dstibetoa ® calkd regueac listti bution. Nis discele non-negative pe ee eae are ey ot Pn= Fe(Nen) 5 94 G42. © X the singh indwidual loss ry. , whose dahiby hen rs ailed sevens distri gividoal loss ty. whee dally ten i oid can be continues , x darccete,, of mixed , but is gererulh non-negative with pe Fouad edhe: g 1 i Subd Fly) ai +] the aggregate. less per period 8 a Pag dom Soma SAC le Bibi ad we de Feis)e Plses)= & A PCS#sINen) = E,TPGSIN«l cae { TF Neluims occur in the peed, assumed thyt NX, /-- (ase_muteally indepen dea't + Mean ard Variance of a compeuad drstulutran (Ea aaa EGSIN) = EGh x %u) © NEC) Vaclsin) = VorlX,+...0 Xv) = Ni Var Ox) then feeeekd E(5)= ELelsin)| + Elneéwl ? ea)i) eae 2 (BB hee) > En) Ex) es teh Ae) Vor ($) = ELVar(sin)] +t Varle(siny] + Elioetx]] Nod eesl* = Eb) Vor (x) +(EW)]" Vas (w)«pif ond mgh of S Tt car be Shown that, if X how pyf RA oad ‘hove pat Py), hen, Pstey= E(4)= F(R) ° Mslé)= FR le®) = Ril ple’): Polsa(d) = My Clits) ie C on poyael Rissein chs tibyleea if Nrgerssoal a), then 7 Els) = EE lx) = Axx) oel5) = Ele cbs £25" vorlu) = IN ALG): Alwé)se64)'] = KECx?*) * Normal Appoo wima tion af S: : s ance ES) and Var05) ye ewe we cenpile patalilkes of wing the necmal a proximation S ~ NE), \ails)) aad 6) 4 Neo, 1) Iverts)