About: Bayesian Probability Models for Critical Illness Insurance     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : http://linked.opendata.cz/ontology/domain/vavai/Vysledek, within Data Space : linked.opendata.cz associated with source document(s)

AttributesValues
rdf:type
Description
  • Critical Illness Insurance (CII) is a type of long term insurance that provides a lump sum on the diagnosis of one of a speci?ed list of critical illnesses within the policy conditions. Knowledge of the probability of an insured event is the basis for the valuation of the products in life and non-life insurance companies. The aim of this article is to use Bayesian binomial/beta model for estimation of event probability for critical illness insurance. In Bayesian approach to estimation we should always start with a priori distribution for unknown parameter. In this paper we have used the algorithm for such a priori estimation of the binomial probability, which allows Bayesian estimates with less square error compared with classical estimates. In article the algorithm has been applied on the data submitted by the Decree No. 20/2008 to the National Bank of Slovakia from Slovak insurance companies giving exposure to the critical illness risk.
  • Critical Illness Insurance (CII) is a type of long term insurance that provides a lump sum on the diagnosis of one of a speci?ed list of critical illnesses within the policy conditions. Knowledge of the probability of an insured event is the basis for the valuation of the products in life and non-life insurance companies. The aim of this article is to use Bayesian binomial/beta model for estimation of event probability for critical illness insurance. In Bayesian approach to estimation we should always start with a priori distribution for unknown parameter. In this paper we have used the algorithm for such a priori estimation of the binomial probability, which allows Bayesian estimates with less square error compared with classical estimates. In article the algorithm has been applied on the data submitted by the Decree No. 20/2008 to the National Bank of Slovakia from Slovak insurance companies giving exposure to the critical illness risk. (en)
Title
  • Bayesian Probability Models for Critical Illness Insurance
  • Bayesian Probability Models for Critical Illness Insurance (en)
skos:prefLabel
  • Bayesian Probability Models for Critical Illness Insurance
  • Bayesian Probability Models for Critical Illness Insurance (en)
skos:notation
  • RIV/00216275:25410/14:39898478!RIV15-MSM-25410___
http://linked.open...avai/riv/aktivita
http://linked.open...avai/riv/aktivity
  • I
http://linked.open...vai/riv/dodaniDat
http://linked.open...aciTvurceVysledku
http://linked.open.../riv/druhVysledku
http://linked.open...iv/duvernostUdaju
http://linked.open...titaPredkladatele
http://linked.open...dnocenehoVysledku
  • 4937
http://linked.open...ai/riv/idVysledku
  • RIV/00216275:25410/14:39898478
http://linked.open...riv/jazykVysledku
http://linked.open.../riv/klicovaSlova
  • prior distribution.; posterior distribution; event probability; binomial/beta model; Bayesian estimation (en)
http://linked.open.../riv/klicoveSlovo
http://linked.open...ontrolniKodProRIV
  • [915BA6AA384F]
http://linked.open...v/mistoKonaniAkce
  • Saint Petersburg
http://linked.open...i/riv/mistoVydani
  • Atény
http://linked.open...i/riv/nazevZdroje
  • Recent Advances in Mathematical Methods in Applied Sciences
http://linked.open...in/vavai/riv/obor
http://linked.open...ichTvurcuVysledku
http://linked.open...cetTvurcuVysledku
http://linked.open...UplatneniVysledku
http://linked.open...iv/tvurceVysledku
  • Pacáková, Viera
  • Jindrová, Pavla
http://linked.open...vavai/riv/typAkce
http://linked.open.../riv/zahajeniAkce
issn
  • 2227-4588
number of pages
http://purl.org/ne...btex#hasPublisher
  • WSEAS Press
https://schema.org/isbn
  • 978-1-61804-251-4
http://localhost/t...ganizacniJednotka
  • 25410
Faceted Search & Find service v1.16.118 as of Jun 21 2024


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3240 as of Jun 21 2024, on Linux (x86_64-pc-linux-gnu), Single-Server Edition (126 GB total memory, 48 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2024 OpenLink Software