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Further comments on the paper “Setting a bonus–malus scale in the presence of other rating factors” by Taylor

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Fig. 1

Notes

  1. 1.

    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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    Lemaire J, Park SC, Wang KC (2015) The impact of covariates on a bonus–malus system: an application of Taylor’s model. Eur Actuar J 5:1–10

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    Taylor G (2016) Comment on the paper “The impact of covariates on a bonus–malus system: an application of Taylor’s model” by Lemaire, Park & Wang. Eur Actuar J 6:277–281

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    Thyrion P (1960) Contribution à l’étude du bonus pour non-sinistre en assurance automobile. ASTIN Bull 1:142–162

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Acknowledgments

Sojung C. Park appreciates support from the Institute of Management Research at Seoul National University.

Author information

Correspondence to Jean Lemaire.

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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

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Keywords

  • Negative Binomial Regression
  • Accident Rate
  • Lower Premium
  • Annual Mileage
  • Claim Frequency