= Panjer recursion
{wiki=Panjer_recursion}
Panjer recursion is a recursive algorithm used in actuarial science and insurance mathematics to calculate the distribution of the sum of independent random variables, particularly in the context of risk management and insurance claims. Named after Hendrik Panjer, this method is particularly useful for computing the probabilities associated with different outcomes of aggregate claims. \#\#\# Key Elements of Panjer Recursion: 1. **Assumptions**: - The random variables (e.g., claims) are independent.
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