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Expected Loss Development In Workers' Compensation Pricing: A Shift In Credibility, Christopher J. Poteet
Expected Loss Development In Workers' Compensation Pricing: A Shift In Credibility, Christopher J. Poteet
Journal of Actuarial Practice (1993-2006)
This paper shows that expected loss development is equivalent to adjusting the full credibility standard and applying credibility by policy period. Expected loss development should not be used in workers' compensation ratemaking. The credibility is correct before being adjusted.