1208 Submissions

[1] viXra:1208.0053 [pdf] submitted on 2012-08-12 10:38:58

On an Application of Bayesian Estimation

Authors: Kiyoharu Tanaka, Evgeniy Grechnikov
Comments: 5 Pages.

This paper explains the Bayesian version of estimation as a method for calculating credibility premium or credibility number of claims for short-term insurance contracts using two ingredients: past data on the risk itself and collateral data from other sources considered to be relevant. The Poisson/gamma model to estimate the claim frequency for portfolio of policies and Normal/normal model to estimate the pure premium are explained and applied.
Category: Statistics