Construction of c-credibility measure and application in insurance
Nebojša Ralević · Tokovi osiguranja · 2020
Credibility theory provides a tool for modelling various phenomena in insurance. Changes in life circumstances such as the pandemic and its consequences require adjustment of old and creation of new theories that would improve existing parameters in modelling phenomena in insurance and actuarial analysis. Thus, by using c-credibility measure, we try to respond to some of the challenges that have emerged. The paper presents a summarised theory of c-credibility and gives an algorithm for constructing c-credibility measure, which is illustrated by an example.