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Tool 3: The Elasticity of a Bonus-Malus System
1995The main goal of the establishment of a bonus-malus system is to reduce the premium for good drivers and to increase it for bad drivers. It is often assumed that the random variables “number of claims” and “claim amount” are independent. This assumption essentially states that the cost of an accident is for the most part beyond the control of a ...
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Bonus-Malus premiums under the dependent frequency-severity modeling
Scandinavian Actuarial Journal, 2020Jae Youn Ahn, Rosy Oh, Peng Shi
exaly
An Evaluation of the New Japanese Bonus–Malus System with No-claim and Claimed Subclasses
Asia-Pacific Journal of Risk and Insurance, 2020Mahito Okura, Takuya Yoshizawa
exaly

