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The PDW claim frequency was not included in the trend line, as the authors investigated a sub-standard portfolio submitted to the reinsurer for analysis (personal communication).
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Sojung C. Park appreciates support from the Institute of Management Research at Seoul National University.
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Lemaire, J., Park, S.C. & Wang, K. Further comments on the paper “Setting a bonus–malus scale in the presence of other rating factors” by Taylor. Eur. Actuar. J. 6, 495–499 (2016). https://doi.org/10.1007/s13385-016-0135-x
- Negative Binomial Regression
- Accident Rate
- Lower Premium
- Annual Mileage
- Claim Frequency