Optimal relativities and transition rules of a bonus–malus system

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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...

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Bibliographic Details
Main Authors:	Tan, C.I., Li, Ka ki jackie, Li, J.S., Balasooriya, U.
Format:	Journal Article
Published:	Elsevier Science 2014
Subjects:	A posteriori rating Transition rules Optimal relativities Claim frequencies Bonus–malus system
Online Access:	http://hdl.handle.net/20.500.11937/43534

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