Extension and Application of Credibility Models in Predicting Claim Frequency

Table 2

Model comparison.

Model comparison	AIC	BIC	Predicted mean squared error (PMSE)
Extended credibility model in Poisson distribution	1948	1961	0.0253
Extended credibility model in negative binomial distribution	1948	1961	0.0351
Linear mixed model (Fress, 1998)	2490	2504	0.0316
Finite mixture models in Poisson distribution [5]	1967	1984	0.0265
Finite mixture models in negative binominal distribution [5]	1967	1955	0.0331