201. Introductory Note
- Author
-
P. D. Johnson and G. B. Hey
- Subjects
010104 statistics & probability ,050208 finance ,0502 economics and business ,05 social sciences ,0101 mathematics ,01 natural sciences - Abstract
In 1970 the Association Royale des Actuaires Belges celebrated the 75th anniversary of its foundation. To mark the occasion, the Association had in the previous year invited papers to be submitted on two subjects, one of which was ‘Determination of the heterogeneity of the classes of risks’, and the paper which follows this introductory note was one of those submitted on this subject. The paper deals exclusively with motor insurance, in which the study of heterogeneity must be regarded as being of major importance, and discusses both the measurement of heterogeneity and the relationship between heterogeneity and methods of experience rating such as the no claim discount (NCD) systems used in the United Kingdom.
- Published
- 1971