• Title/Summary/Keyword: B$\ddot{u}$hlmann-Straub

Search Result 1, Processing Time 0.017 seconds

Suggestions of Partial Credibilities for Proper Non-Life Insurance Premium (적정 손해보험료 산정을 위한 부분신뢰도 제안)

  • Kim, Myung Joon;Choi, Jung-Ah;Kim, Yeong-Hwa
    • The Korean Journal of Applied Statistics
    • /
    • v.26 no.2
    • /
    • pp.321-333
    • /
    • 2013
  • Credibility theory is one of important theories in actuarial science to produce proper insurance premium. In this paper, new partial credibilities are proposed and introduced with widely accepted credibility theories such as rule of relative exposure volume, square root rule, B$\ddot{u}$hlmann credibility and B$\ddot{u}$hlmann-Straub credibility. Also, with credibilities estimated by current and newly suggested, the performance of the accuracy for estimating the risk is compared through real data analysis and we show that the newly suggested methods are improving the performance by reducing the error.