We present in this paper a new  computation principle based on the use of prior information from multiple sources for computing the premium charged to a policyholder. Under this framework  , we propose alternative collective and Bayes premiums and describe some approaches to compute them. Several examples illustrates the new framework for premium computation.
We present in this paper a new premium computation principle based on the use of prior information from multiple sources for computing the premium charged to a policyholder. Under this framework , based on the use of Ordered Weighted Averaging (OWA) operators , we propose alternative collective and Bayes premiums and describe some approaches to compute them. Several examples illustrates the new framework for premium computation.
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premium
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, based on the use of Ordered Weighted Averaging (OWA) operators