Measuring sensitivity in a bonus–malus system
نویسندگان
چکیده
منابع مشابه
Measuring sensitivity in a bonus–malus system
In performing Bayesian analysis of a bonus–malus system (BMS) it is normal to choose a parametric structure, π0(λ), in the insurer’s portfolio. According to Bayesian sensitivity analysis the structure function can be modelled by specifying a class Γ of priors instead of a single prior. In this paper, we examine the ranges of the relativities, i.e. δ = E[λπ(λ|data)]/E[λπ(λ)], π ∈ Γ . We illustra...
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ژورنال
عنوان ژورنال: Insurance: Mathematics and Economics
سال: 2002
ISSN: 0167-6687
DOI: 10.1016/s0167-6687(02)00125-7