ABSTRACT
W e w i l l now consider the si tuat ion where the c la im amounts can
vary. The c la im amount is the sum which the insurer has to pay on
the occurrence of a fire, an accident, death or some other insured
event. The sum of the ind iv idua l claims constitutes the aggregate
c la im amount, wh ich is one of the key concerns both i n the prac-
tical management of an insurance company and i n theoretical con-
siderations.
