The Utility of the Credibility Theory
Journal Title: Revista Romana de Statistica - Year 2012, Vol 60, Issue 1
Abstract
In this paper, we give the mathematical theory of the credibility model incorporating risk volumes. In the simple model of Section 1, we assumed that the risk volume was the same for all years. Often, in particular in reinsurance, one wants to allow for varying risk volumes, and for that purpose we introduced the following model (see Section 2).
Authors and Affiliations
Gheorghe LEPĂDATU, Virginia ATANASIU, Mihaela Daniela VLADU
Keywords
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