The Utility of the Credibility Theory

In this paper, we give the mathematical theory of the credibility model incorporating risk volumes. In the simple model of Section 1, we assumed that the risk volume was the same for all years. Often, in particular in reinsurance, one wants to allow for varying risk volumes, and for that purpose we introduced the following model.

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Year of publication:	2012
Authors:	LEPADATU, Gheorghe ; ATANASIU, Virginia ; VLADU, Mihaela Daniela
Published in:	Romanian Statistical Review Supplement. - Institutul National de Statistica şi Studii Economice (INSSE). - Vol. 60.2012, 1, p. 15-21
Publisher:	Institutul National de Statistica şi Studii Economice (INSSE)
Subject:	a ceded insurance portfolio \| the total claim amount of year j \| some measure of the risk volume in year j \| the number of risks in the portfolio in year j \| the credibility model incorporating risk volumes

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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