A new adaptive approach for bridging the gap in insurance premium estimation

A new adaptive approach for bridging the gap in insurance premium estimation

This paper proposes a new adaptive approach called adaptive mean (ADM) that combines the strengths of trimming and winsorization to minimize the mean square error (MSE). ADM will contribute significantly to insurers by enabling them to mitigate risk exposure caused by inaccurate premium estimation a...

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Bibliographic Details
Main Authors: Osama Attayyib, Han Ding, Walaa Gamaleldin, Shaban Osman, Ruixing Ming
Format: Article
Language:English
Published: Elsevier 2024-12-01
Series:Alexandria Engineering Journal
Subjects:
Credibility theory
Robust credibility
Engineering insurance
Adaptive mean (ADM)
Premium estimation
Experience rating
Online Access:http://www.sciencedirect.com/science/article/pii/S1110016824010809

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http://www.sciencedirect.com/science/article/pii/S1110016824010809

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