Type of Policy Class Group 1986 5-Yr 5-Yr
Premiums Premium Loss Ratio
10 Monoline 01 100,000 600,000
0.300
02
0 200,000 0.300
37 Ind/Proc 01 100,000 300,000
0.900
02
100,000 400,000 0.600
Use the minimum bias procedure described by Graves and Castillo to compute
the type of policy relative for TOP 37 as calculated at the first iteration.
I am clueless.
Thanks,
Faith