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http://dx.doi.org/10.5351/KJAS.2013.26.2.321

Suggestions of Partial Credibilities for Proper Non-Life Insurance Premium  

Kim, Myung Joon (Department of Business Statistics, Hannam University)
Choi, Jung-Ah (Department of Statistics, Graduate School of Chung-Ang University)
Kim, Yeong-Hwa (Department of Applied Statistics, Chung-Ang University)
Publication Information
The Korean Journal of Applied Statistics / v.26, no.2, 2013 , pp. 321-333 More about this Journal
Abstract
Credibility theory is one of important theories in actuarial science to produce proper insurance premium. In this paper, new partial credibilities are proposed and introduced with widely accepted credibility theories such as rule of relative exposure volume, square root rule, B$\ddot{u}$hlmann credibility and B$\ddot{u}$hlmann-Straub credibility. Also, with credibilities estimated by current and newly suggested, the performance of the accuracy for estimating the risk is compared through real data analysis and we show that the newly suggested methods are improving the performance by reducing the error.
Keywords
B$\ddot{u}$hlmann; B$\ddot{u}$hlmann-Straub; credibility; insurance premium; square root rule;
Citations & Related Records
Times Cited By KSCI : 2  (Citation Analysis)
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