1. Credibility Analysis of Risk Classes by Generalized Linear Model.
- Author
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Erdemir, Ovgucan Karadag and Sucu, Meral
- Subjects
- *
MATHEMATICAL models , *CREDIBILITY theory (Insurance) , *ANALYSIS of variance , *NUMERICAL analysis , *COMPUTER simulation - Abstract
In this paper generalized linear model (GLM) and credibility theory which are frequently used in nonlife insurance pricing are combined for reliability analysis. Using full credibility standard, GLM is associated with limited fluctuation credibility approach. Comparison criteria such as asymptotic variance and credibility probability are used to analyze the credibility of risk classes. An application is performed by using one-year claim frequency data of a Turkish insurance company and results of credible risk classes are interpreted. [ABSTRACT FROM AUTHOR]
- Published
- 2016
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