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 transitionrules is implemented, two inadequacy scenarios are induced because all policyholders are subject tothe same a posteriori premium relativities (level transitions) independent of their a priori characteri...
| Main Authors: | , , , |
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| Format: | Journal Article |
| Published: |
Elsevier Science
2014
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| Subjects: | |
| Online Access: | http://hdl.handle.net/20.500.11937/43534 |