Models of Non-Life Insurance Mathematics

Constanta-Nicoleta Bodea

Informatica Economica, 2008, vol. XII, issue 1, 40-45

Abstract: In this communication we will discuss two regression credibility models from Non – Life Insurance Mathematics that can be solved by means of matrix theory. In the first regression credibility model, starting from a well-known representation formula of the inverse for a special class of matrices a risk premium will be calculated for a contract with risk parameter q. In the next regression credibility model, we will obtain a credibility solution in the form of a linear combination of the individual estimate (based on the data of a particular state) and the collective estimate (based on aggregate USA data). Mathematics Subject Classification: 62P05.

Keywords: regression credibility theory; the risk parameter of the policy; the risk premium; the credibility calculations (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:aes:infoec:v:xii:y:2008:i:1:p:40-45

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