word
credibility theory
kred-ih-BIL-ih-tee THEER-ee
krɛdɪˈbɪlɪti ˈθɪəriListen
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Syllable breakdown
credibilitytheory
Dictionary meaning
actuarial technique for combining a group's own experience data with wider industry data to estimate expected future losses; used when individual experience is statistically insufficient on its own; balances company-specific data with broader market trends
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