A Survey of Credibility Theory

Abstract

Credibility theory is the name given by American actuaries to linear estimation formulae developed to experience rate insurance premiums. These formulae can be viewed as linear Bayesian Forecasts of a conditional mean, exact under certain conditions, and best least squares approximations otherwise. This paper surveys the recent theoretical developments in the actuarial literature, relates these results to other linear estimation methods, and describes a variety of special models and applications.

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Document Details

Document Type
Technical Report
Publication Date
Oct 01, 1976
Accession Number
ADA329448

Entities

People

  • William S. Jewell

Organizations

  • University of California, Berkeley

Tags

DTIC Thesaurus Topics

  • Abstracts
  • Business Administration
  • Covariance
  • Data Science
  • Equations
  • Estimators
  • Geometric Forms
  • Industrial Engineering
  • Information Science
  • Insurance
  • Literature
  • Materials
  • Operations Research
  • Random Variables
  • Regression Analysis
  • Statistics
  • Surveys

Fields of Study

  • Mathematics

Readers

  • Calculus or Mathematical Analysis
  • Medical or Health Care Field.
  • Regression Analysis.

Technology Areas

  • AI & ML
  • AI & ML - Bayesian Inference
  • AI & ML - Machine Learning Algorithms