CLASSICAL AND OPTIMAL BONUS MALUS SYSTEM IN CALCULATION OF PURE PREMIUM IN VEHICLE INSURANCE WITH BAYESIAN APPROACH
The bonus malus system determines the premium based on the claims history of each policyholder. Bonus is described as premium decreasing for the next period given to policyholder who didn't file the claims in the previous period. In the other hand, malus is increasing premium given to policyhol...
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| Format: | Theses |
| Language: | Indonesia |
| Online Access: | https://digilib.itb.ac.id/gdl/view/30191 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |