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An Empirical Approach to the Determination of Credibility Factors
will demonstrate the reasonableness of equation (S) and also provide further insight into the nature ... EXA~PLE An examination of an example (see Table 1) will help in developing an appreciation of the ...Description: This paper is concerned with the determination of credibility factors applicable to the estimation of the true claim level of a particular risk, based on both the actual observed claim experience of that risk and the expected claim level that would be predicted for the risk according to its exposure characteristics. From Transactions of Society of Actuaries 1969, Vol. 21, Pt. 1, No. 59 AB.
Hide- Authors: Ralph D Maguire
- Date: Apr 1969
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Transactions of the SOA
- Topics: Modeling & Statistical Methods
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Concentration of Risk and the Catastrophic Accident Hazard
field rather than with the company's regular mortality experience. Since reinsurance of the hazard would ... exposure of 10,000,000 lives, we are discussing mortality incidence of the order of 100,000 claims, 6,000 ...Description: It is the purpose of this paper to outline the reasoning behind the Catastrophic Accident Hazard and some of the details of a reinsurance arrangement with Lloyds of London for managing this risk. Paper is followed by 2 discussion papers
Hide- Authors: Edmund C Berkeley, Edward A Green
- Date: Oct 1954
- Competency: Technical Skills & Analytical Problem Solving>Incorporate risk management
- Publication Name: Transactions of the SOA
- Topics: Modeling & Statistical Methods; Reinsurance>Catastrophe reinsurance