Bonus-malus systems with varying deductibles
(2005) Astin Bulletin : the journal of the International Actuarial Association — Vol. 35, n° 1, p. 261-274 (2005)
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- Authors
- Abstract
- Bonus-malus systems typically lead to high maluses when claims at fault are reported. Such penalties are often difficult to implement in practice. It is shown in this paper that this drawback may be avoided by combining a posteriori premium corrections with a deductible varying according to the level occupied in the scale.
- Affiliations
Louvain School of Management CESAM - Center for Studies in Asset Management
Citations
Pitrebois, S., Walhin, J.-F., & Denuit, M. (2005). Bonus-malus systems with varying deductibles. Astin Bulletin : the journal of the International Actuarial Association, 35(1), 261-274. https://doi.org/10.2143/AST.35.1.583175 (Original work published 2005)