Abstract
The credibility formulae discussed in this paper may be satisfactory from an experience rating point of view, where the premium of a particular risk is only influenced by the total amount of its claims experienced in the past. Thus a risk with 10 claims of $1,000 each is rated the same as a risk with just one claim of size $10,000.
Volume
LVIII
Page
25-26
Year
1971
Categories
Financial and Statistical Methods
Loss Distributions
Severity
Financial and Statistical Methods
Credibility
Actuarial Applications and Methodologies
Ratemaking
Publications
Proceedings of the Casualty Actuarial Society
