• Extreme Value Theory(EVT) is a statistical approach that allows a practitioner to model the occurrence of extreme events with relatively small amounts of extremerelatively small amounts of extreme data. The extreme value theory is highly employed in Actuarial Industry particularly in financial risk management when the company or firm wants to set out the risk free demarcations to operate or play around, and in the situations where the Company wants to conduct self performance evaluation, making forecast over a period of time and making any Economical based decisions. 239 0 obj
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<. Notation from Embrechts et al. 0000008644 00000 n
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• A key difference between EVT and other statistical approaches 0000004099 00000 n
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The author believe … 0000089136 00000 n
Extreme Value Theory as a Risk Management Tool,” North American Actuarial Journal, Volume 3, Number 2, April 1999, Society of Actuaries. 0000001801 00000 n
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Extreme value theory: statistical estimates and actuarial evaluations for seismic risk in Italy Anno Accademico 2015/2016 Relatore Candidato Prof. Luigi annVucci ranceFsca Giorgolo … 0000088536 00000 n
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• A key difference between EVT and other statistical approaches is that, in EVT we fit a distribution to a subset of the available 0
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