Most unexpected insurance-covered events follow a Poisson-like distribution in both cost and frequency. By modeling different deductibles, premiums, and frequen

Most unexpected insurance-covered events follow a Poisson-like distribution in both cost and frequency. By modeling different deductibles, premiums, and frequency of events, you can help plan and optimize for what insurance coverage you should purchase, how much drawdown you could expect to see in worst case scenarios, etc.