Explicit Description of the Input Data for the Program CRAC 2.0 Used in the Applications of the Credibility Theory

Abstract

In this paper a brief overview of the structure and the possibilities of the program CRAC 2.0 is given. It will be shown how sectors can be determined in order to use the hierarchical model that is built into the software. Furthermore a general structure for defining insurance problems to be solved by CRAC 2.0 will be discussed. Mathematics Subject Classification: 62P05.

Keywords

• the software package CRAC 2.0
• Jewell’s hierarchical model
• practical insurance problems
• structure of CRAC – input.