Credibility Theory and Its Using In Insurance Practice
| Authors | |
|---|---|
| Year of publication | 2013 |
| Type | Article in Proceedings |
| Conference | European Financial Systems 2013. Proceedings of the10th International Scientific Conference |
| MU Faculty or unit | |
| Citation | |
| Field | Applied statistics, operation research |
| Keywords | Bühlmamann model; premium; theory of credibility |
| Description | The subject of this paper is to introduce the theory of credibility. First, risk factor for policyholders is defined. Then sorts of premium are described and the credibility premium is introduced as a linear function of the past data. The simplest credibility model, the Bühlmann model, is shown. It is tryed to use for the determination of the amount of premium. The model example is solved with the use of mathematical and statistical methods. |