Expected Loss Development: A Shift in Credibility

Abstract
This paper is a commentary on the previously published paper "Partial Loss Development Based on Expected Losses For Workers’ Compensation Class Ratemaking", Casualty Actuarial Society Forum, Special Edition, 1993 Ratemaking Call Papers. This paper shows that expected loss development is equivalent to adjusting the full credibility standard and applying credibility by policy period.
Volume
Fall
Page
245-254
Year
1995
Categories
Actuarial Applications and Methodologies
Ratemaking
Classification Plans
Actuarial Applications and Methodologies
Ratemaking
Trend and Loss Development
Financial and Statistical Methods
Credibility
Business Areas
Workers Compensation
Publications
Casualty Actuarial Society E-Forum
Authors
Christopher J Poteet