Boucher, Jean-Philippe - In: Risks : open access journal 10 (2022) 8, pp. 1-16
How to consider the a priori risks in experience-rating models has been questioned in the actuarial community for a long time. Classic past-claim-rating models, such as the Buhlmann–Straub credibility model, normalize the past experience of each insured before applying claim penalties. On the...