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Two Credibility Regression Approaches for the Classification of Passenger Cars in a Multiplicative Tariff1

Published online by Cambridge University Press:  29 August 2014

Bjørn Sundt
Bjørn Sundt*
Affiliation:
Storebrand Insurance Company Ltd, Oslo
*
Storebrand P.O. Box 1380 Vika, N-0114 Oslo 1, Norway.
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Abstract

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In the present paper we present two credibility regression models for the classification of passenger cars. As regressors we use technical variables like price, weight, etc. In both models we derive credibility estimators and find expressions for their estimation errors. Estimators for structure parameters are proposed. A numerical example based on real data is given. The second model is hierarchical with a level for make of car.

Type
Articles
Information
ASTIN Bulletin: The Journal of the IAA , Volume 17 , Issue 1 , April 1987 , pp. 41 - 70
Copyright
Copyright © International Actuarial Association 1987

Footnotes

1

Paper presented at the XIXth ASTIN Colloquium, Tel Aviv, 20–24 September 1986.

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