Abstract
The credibility of the experience of an individual driver is determined by analyzing the accident records of private passenger drivers. For the particular data set analyzed, the risk parameters were found to be relatively stable over time, resulting in significant credibility being assigned to older years of data.
Keywords: Credibility, LOB-Auto Liability, Individual Risk Rating Plans
Volume
LXXVIII
Page
146-162
Year
1991
Categories
Actuarial Applications and Methodologies
Ratemaking
Experience Rating
Business Areas
Automobile
Personal
Financial and Statistical Methods
Credibility
Publications
Proceedings of the Casualty Actuarial Society
