To summarize: the balance between class-experience and risk- experience will depend npon four elements, the exposure, the hazard, the degree of concentration within the rlass and the credibility of the manual rate. ... The detailed solution of this problem depends upon the use of inverse probabilities and as the expressions involved are somewhat complicated, it will be convenient to use for thisanbsp;...
|Title||:||History of actuarial science|
|Author||:||Steven Haberman, Trevor A. Sibbett|