#TITLE_ALTERNATIVE#
The Bonus-Malus System (BMS) has been implemented in several countries around the world. The majority of Bonus-Malus System (BMS) in the actuarial science literature assigned to each policy holder a premium based on only the claims frequency component. In this way, a policy holder who had an accide...
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| Format: | Theses |
| Language: | Indonesia |
| Online Access: | https://digilib.itb.ac.id/gdl/view/21978 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |
| Summary: | The Bonus-Malus System (BMS) has been implemented in several countries around the world. The majority of Bonus-Malus System (BMS) in the actuarial science literature assigned to each policy holder a premium based on only the claims frequency component. In this way, a policy holder who had an accident with small size of loss is penalized unfairly in the same way with a policy holder who had an accident with big size of loss. Bayesian approach is used to obtain expectation of claims frequency and severity based on claims historical of policy holder. The pure premium of Bonus-Malus System can be obtain through both claims frequency and severity. For the claims frequency component, the probability ... |
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