Credibility for Severity

Abstract
Most credibility formulas in use today measure the credibility of a given number of claims. What is really needed, however, is the credibility of the pure premium, which depends on claim severity as well as claim frequency.
Volume
LVII
Page
148-171
Year
1970
Categories
Actuarial Applications and Methodologies
Ratemaking
Experience Rating
Financial and Statistical Methods
Loss Distributions
Frequency
Financial and Statistical Methods
Loss Distributions
Severity
Financial and Statistical Methods
Credibility
Publications
Proceedings of the Casualty Actuarial Society
Prizes
Dorweiler Prize
Authors
Charles C Hewitt