Insurance Problems Obtained Using the Credibility Theory
AbstractThe paper analyses some practical problems of health insurance that can be solved by means of credibility theory. All numerical results in this paper were obtained using the software package CRAC 2.0, which uses Jewell’s hierarchical model. Examples of the output of the program will be given and discussed. This will give more insight and understanding of the theoretical aspects and will point the way to the practical possibilities of the credibility models.
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Bibliographic InfoArticle provided by Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest in its journal Knowledge Horizons - Economics.
Volume (Year): 3 (2011)
Issue (Month): 1-2 (March-June)
The risk premium per employee insured; the sectorial premium; the global premium; an example in health insurance;
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