BONUS MALUS SYSTEM EFFICIENCY USING MARKOV CHAIN
Competition between insurance companies have become fierce in result of booming insurance industry and vast amounts of insurance companies. One approach from insurance companies to be able to compete is through bonus malus system. Bonus malus system is a rule of increasing premium rate if policyhold...
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| Format: | Final Project |
| Language: | Indonesia |
| Online Access: | https://digilib.itb.ac.id/gdl/view/65422 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |