Credibility Theory

3 credits · Undergraduate Programs

Limited fluctuation credibility; full and partial credibility; greatest accuracy credibility; Bayesian methodology; credibility premium; Buhlmann model; Buhlmann-Straub model; empirical Bayes method; bonus-malus system. Prerequisite(s): Actuarial Science 327; Statistics 323; and 3 units from Mathematics 311, 367 or 375. Antirequisite(s): Credit for Actuarial Science 537 and either 533 or 637 will not be allowed.