PEMODELAN KREDIBILITAS RATEMAKING MENGGUNAKAN ELLIPTICAL COPULA

Insurance is not something new in this time. People understand it as a financial institution managing risk that should really exist. However, awareness of the insurance program is not granted to everyone. In human life, a risk factor may occur. Starting from the risk of loss of assets, the risk of illness, total disability until the risk of loss of life or death. With the frequent occurrence of natural disasters, accidents or entrepreneurs making people began to look at insurance as a primary option for reducing losses on risks that may occur in the future. A good way to measure risk is the credibility ratemaking using copula. Credibility ratemaking is a technique to predict the expected future claims by the class of risk, based on past claims and class associated risks