A Comparison Study for the Pricing of Automobile Insurance Premium Based on Credibility

Title & Authors
A Comparison Study for the Pricing of Automobile Insurance Premium Based on Credibility
Kim, Yeong-Hwa; Lee, Hyun-Soo;

Abstract
Calculating or estimating the proper insurance premium is very important decision making process for both the policyholder and the insurance company. The credibility theory is one of the most important theories in actuarial science to get the proper premium. In this research, we introduce the rule of relative exposure volume, the square root rule and the B$\small{\ddot{u}}$hlmann credibility, and estimate the new premiums based on these methods. By real data analysis, the accuracy of these credibility methods are compared.
Keywords
B$\small{\ddot{u}}$hlmann credibility;credibility;relative exposure volume;square root rule;
Language
Korean
Cited by
1.
여러가지 신뢰도에 근거한 자동차 보험료 예측,김영화;김미정;김명준;

응용통계연구, 2011. vol.24. 2, pp.279-292
2.
적정 손해보험료 산정을 위한 부분신뢰도 제안,김명준;최정아;김영화;

응용통계연구, 2013. vol.26. 2, pp.321-333
1.
Suggestions of Partial Credibilities for Proper Non-Life Insurance Premium, Korean Journal of Applied Statistics, 2013, 26, 2, 321
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