Abstract
The gist of Mr. Whitney's mathematical analysis of schedule rating is contained in the formula for the schedule rate for the individual risk. This rate we find to be made up of two quantities, first the rate charged for hazards which cannot conveniently be measured by the schedule (er/e.R), and secondly that charged for measurable hazards (formula).
Volume
VIII
Page
109-113
Year
1922
Categories
Actuarial Applications and Methodologies
Ratemaking
Classification Plans
Business Areas
Workers Compensation
Publications
Proceedings of the Casualty Actuarial Society