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II Credibility Theory

Published online by Cambridge University Press:  11 August 2014

G. J. M. Shaw
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Extract

Actuaries often need to construct a mathematical model, representing the expected future experience of a group of risks, where the data available from the group are not large enough to provide results which are sufficient for this purpose. A wider experience derived from risks, which have some features in common with the group's risks, must be combined with that of the group in such a way that the weight attached to the group's experience in the combination corresponds with its value for rating purposes.

Type
Expository Articles
Information
Journal of the Staple Inn Actuarial Society , Volume 19 , Issue 2 , September 1970 , pp. 117 - 118
Copyright
Copyright © Institute of Actuaries Students' Society 1970

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References

REFERENCES

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