On the use of conditional specification models in claim count distributions: an application to bonus-malus system
In this paper a new methodology using the conditional specification technique introduced by Arnold et al. (1999) is used to obtain bonus-malus premiumns. A Poisson distribution for wich the parameter is a function of the classical structure parameter is used and a new class of prior distribution ari...
| Autores: | , , |
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| Tipo de recurso: | artículo |
| Fecha de publicación: | 2004 |
| País: | España |
| Institución: | Universidad de Cantabria (UC) |
| Repositorio: | UCrea Repositorio Abierto de la Universidad de Cantabria |
| Idioma: | inglés |
| OAI Identifier: | oai:repositorio.unican.es:10902/4364 |
| Acceso en línea: | http://hdl.handle.net/10902/4364 |
| Access Level: | acceso abierto |
| Palabra clave: | Conditional specification model Generalized negative binomial distribution Bonus-malus systems |
| Sumario: | In this paper a new methodology using the conditional specification technique introduced by Arnold et al. (1999) is used to obtain bonus-malus premiumns. A Poisson distribution for wich the parameter is a function of the classical structure parameter is used and a new class of prior distribution arises in a natural way. This model contains, a s a particular case, the classical compound Poisson model and is found to be much more robust than earlier ones. An example is given to illustrate our ideas. |
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