Lu, Li; Macdonald, Angus; Wekwete, Chessman - In: Insurance: Mathematics and Economics 42 (2008) 1, pp. 319-331
Underwriting the risk of rare disorders in long-term insurance often relies on rates of onset estimated from quite small epidemiological studies. These estimates can have considerable sampling uncertainty and any function based upon them, such as a premium rate, is also an estimate subject to...