Abstract
As is done everywhere in the world, we are going to build up a bonus-malus system exclusively based on the number of accidents reported to the company (and not on their amount). In line with this idea, the pure premium required from an insured can be equated with his claim frequency (by scaling so that the average cost of a claim is one monetary unit).
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© 1985 Springer Science+Business Media New York
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Lemaire, J. (1985). Construction of an Optimal Bonus-Malus System. In: Automobile Insurance. Huebner International Series on Risk, Insurance and Economic Security, vol 4. Springer, Dordrecht. https://doi.org/10.1007/978-94-015-7708-3_13
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DOI: https://doi.org/10.1007/978-94-015-7708-3_13
Publisher Name: Springer, Dordrecht
Print ISBN: 978-90-481-5814-0
Online ISBN: 978-94-015-7708-3
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