Abstract
Frangos and Vrontos (2001) proposed an optimal bonus-malus systems with a frequency and a severity component on an individual basis in automobile insurance. In this paper, we introduce a generalized form of those obtained previously.
Keywords: Bonus-malus systems, frequency component, severity component.
Volume
Vol. 39, No. 1
Page
307-315
Year
2009
Categories
Financial and Statistical Methods
Loss Distributions
Frequency
Financial and Statistical Methods
Loss Distributions
Severity
Publications
ASTIN Bulletin
