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http://dx.doi.org/10.5351/CKSS.2010.17.5.713

A Comparison Study for the Pricing of Automobile Insurance Premium Based on Credibility  

Kim, Yeong-Hwa (Department of Statistics, Chung-Ang University)
Lee, Hyun-Soo (Department of Statistics, Chung-Ang University)
Publication Information
Communications for Statistical Applications and Methods / v.17, no.5, 2010 , pp. 713-724 More about this Journal
Abstract
Calculating or estimating the proper insurance premium is very important decision making process for both the policyholder and the insurance company. The credibility theory is one of the most important theories in actuarial science to get the proper premium. In this research, we introduce the rule of relative exposure volume, the square root rule and the B$\ddot{u}$hlmann credibility, and estimate the new premiums based on these methods. By real data analysis, the accuracy of these credibility methods are compared.
Keywords
B$\ddot{u}$hlmann credibility; credibility; relative exposure volume; square root rule;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
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