Optimal relativities and transition rules of a bonus-malus system
When a bonus–malus system with a single set of optimal relativities and a set of simple transition rules is implemented, two inadequacy scenarios are induced because all policyholders are subject to the same a posteriori premium relativities (level transitions) independent of their a priori characte...
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| Main Authors: | , , , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
2015
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10356/93727 http://hdl.handle.net/10220/38368 |
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| Institution: | Nanyang Technological University |
| Language: | English |