Abstract
In non-life insurance, it is nearly always assumed that the expense loading is a fraction of the risk premium. This may deeply affect the fairness of a tariff, as illustrated in the case of the Belgian bonus-malus system.
Keywords: Rate making, Expense loadings.
Volume
14:2
Page
165-172
Year
1984
Categories
Actuarial Applications and Methodologies
Ratemaking
Expense Loads
Business Areas
Automobile
Personal
Publications
ASTIN Bulletin
