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Introductory Note

Published online by Cambridge University Press:  18 August 2016

P. D. Johnson  and
G. B. Hey
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Extract

In 1970 the Association Royale des Actuaires Belges celebrated the 75th anniversary of its foundation. To mark the occasion, the Association had in the previous year invited papers to be submitted on two subjects, one of which was ‘Determination of the heterogeneity of the classes of risks’, and the paper which follows this introductory note was one of those submitted on this subject. The paper deals exclusively with motor insurance, in which the study of heterogeneity must be regarded as being of major importance, and discusses both the measurement of heterogeneity and the relationship between heterogeneity and methods of experience rating such as the no claim discount (NCD) systems used in the United Kingdom.

Type
Research Article
Information
Journal of the Institute of Actuaries , Volume 97 , Issue 2-3 , December 1971 , pp. 199 - 201
Copyright
Copyright © Institute and Faculty of Actuaries

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References

(1) Johnson, P. D. Actuarial aspects of motor insurance. J.S.S. 1968, 18, 185.Google Scholar
(2) Scurfield, H. H. Motor insurance statistics. J.S.S. 1968, 18, 207.Google Scholar
(3) Beard, R. E. Some statistical problems arising from the transaction of motor insurance business. J.S.S. 1964, 17, 279.Google Scholar
(4) Beard, R. E. Technical reserves in non-life insurance with particular reference to motor insurance. ASTIN Bulletin, 1969, V, 177.CrossRefGoogle Scholar
(5) Beard, R. E. On the compilation of non-life insurance statistics. J.I.A. 1967, 93, 271.Google Scholar