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A fully Bayesian way to determine premium relativities in insurance.

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braydentang1/bayesian_relativity_analysis

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bayesian_relativity_analysis

A fully Bayesian way to model pure premiums (the cost of claims) in insurance, from which probability distributions on insurance relativities can be determined.

View the report here.

Instructions

To run the report, install:

  • R (tested on 4.0.2) and the following packages:
    • rstan (2.21.1)
    • tidyverse (1.3.0)
    • recipes (0.1.13)
    • DT (0.15)
    • kableExtra (1.1.0)
    • prettydoc (0.4.0)
    • statmod (1.4.34)
    • patchwork (1.0.1)

Clone the repository, and then run report.rmd from the root of the repository.

In general, it is not necessary to create the report from source.

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A fully Bayesian way to determine premium relativities in insurance.

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