Abstract
Credibility theory is a set of quantitative methods that allows an insurer to adjust future premiums based on past experience. Generally, the credibility expression obtained is written as a weighted sum of the sample mean and the collective premium, the premium to be charged to a collective of policyholders in a portfolio. The weighted factor is referred to as the credibility factor. In this paper, a review of credibility theory is presented and new credibility formulae are obtained in a simple and extensive Bayesian methodology.
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© 2008 Birkhäuser Boston
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Déeniz, E.G. (2008). Deriving Credibility Premiums Under Different Bayesian Methodology. In: Advances in Mathematical and Statistical Modeling. Statistics for Industry and Technology. Birkhäuser Boston. https://doi.org/10.1007/978-0-8176-4626-4_16
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DOI: https://doi.org/10.1007/978-0-8176-4626-4_16
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