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Credibility theory is a branch of actuarial mathematics concerned with determining risk premiums. [1] To achieve this, it uses mathematical models in an effort to forecast the ( expected ) number of insurance claims based on past observations.
In credibility theory, a branch of study in actuarial science, the Bühlmann model is a random effects model (or "variance components model" or hierarchical linear model) used to determine the appropriate premium for a group of insurance contracts. The model is named after Hans Bühlmann who first published a description in 1967.
Bühlmann model, random effects model used in credibility theory in actuarial science to determine the insurance premiums Surname list This page lists people with the surname Bühlmann .
David X. Li (Chinese: 李祥林; pinyin: Lǐ Xiánglín [1] born Nanjing, China in the 1960s) is a Chinese-born Canadian quantitative analyst and actuary who pioneered the use of Gaussian copula models for the pricing of collateralized debt obligations (CDOs) in the early 2000s.
Climate change goes from being a theory that many doubt to a financial reality. Right now the insurance companies are adjusting as much as possible within the business model they have.
Among other things, such a change could politicize deposit insurance, a move that could undercut its objectivity and credibility. The administration and Congress have a huge task before them to ...
The idea of the ACA and similar health insurance schemes is to in effect create one big pool of insurance by mandating that insurers cover everybody and cover them on more or less the same basis ...
However, higher prices cause rational non-smokers to cancel their insurance as insurance becomes uneconomic for them, exacerbating the adverse selection problem. Eventually, higher prices will push out all non-smokers in search of better options, and the only people left who will be willing to purchase insurance are smokers. [6]