Chapter 15

Longitudinal Data and Experience Rating

Katrien Antonio

Universiteit van Amsterdam Amsterdam, Netherlands

Peng Shi

University of Wisconsin Madison Madison, Wisconsin, USA

Frank van Berkum

Universiteit van Amsterdam Amsterdam, Netherlands

15.1 Motivation

15.1.1 A Priori Rating for Cross-Sectional Data

In Chapter 14 on “General Insurance Pricing,” Boucher & Charpentier discuss regression techniques suitable for pricing with cross-sectional data. A cross-sectional dataset observes each subject in the sample (for instance, a policy(holder)) only once. Each subject is there­fore described by a single response, say s Yi (Generalized) for subject i, and vector with covariate informa­tion, xi. Assuming independence between subjects, Linear ...

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