Bayesian models in actuarial mathematics

Klaus D. Schmidt

Mathematical Methods of Operations Research, 1998, vol. 48, issue 1, 117-146

Abstract: The present paper provides a unifying survey of Bayesian models in different areas of actuarial mathematics. Bayesian models are discussed with regard to claim number processes, experience rating, and experience reserving. Most models are parametric, but experience rating is also considered in the case of vague prior information and an empirical Bayesian model of experience reserving is studied as well. Copyright Springer-Verlag Berlin Heidelberg 1998

Keywords: Key words: Actuarial mathematics; risk processes; experience rating; credibility theory; experience reserving; chain ladder method; Bayesian models (search for similar items in EconPapers)
Date: 1998
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DOI: 10.1007/s001860050016

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