Models of Non-Life Insurance Mathematics
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...
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| Format: | Article |
| Language: | English |
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Inforec Association
2008-01-01
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| Series: | Informatică economică |
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| Online Access: | http://revistaie.ase.ro/content/45/6%20-%20Bodea.pdf |
| Summary: | 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. |
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| ISSN: | 1453-1305 1842-8088 |