We contribute to the non-life experience ratemaking literature by introducing a computationally efficient approximation algorithm for the Bayesian premium in models with dynamic random effect, where the risk of a policyholder is governed by an individual process of unobserved heterogeneity....

This paper proposes a multi-population approach to forecasting mortality rates for the less developed countries in a coherent way. The majority of these countries have witnessed faster mortality declines among the young and the working age population, whereas in developed countries, the...

Accurate crop yield forecasting is central to effective risk management for many stakeholders, including farmers, insurers, and governments, in various practices, such as crop management, sales and marketing, insurance policy design, premium rate setting, and reserving. This paper rst...

Pollutants emitted by pollution generation sources do not only deteriorate the water quality, but the emissions of greenhouse gas also contribute to the green house effect. Material balance of biomass wastes shows there is a trade-off between water pollution and global warming. Therefore, in...