A Note on Bonus Scales

João Manuel Andrade e Silva and Maria de Lourdes Centeno

Journal of Risk & Insurance, 2005, vol. 72, issue 4, 601-607

Abstract: We revisit the optimal bonus scales introduced by Norberg (Norberg, R., 1976, Scandinavian Actuarial Journal (2): 92‐107), Borgan, Hoem, and Norberg (Borgan, O., J. Hoem, and R. Norberg, 1981, Scandinavian Actuarial Journal (2): 165‐178), and Gilde and Sundt (Gilde, V., and B. Sundt, 1989, Scandinavian Actuarial Journal (1): 13‐22) and underline some potential problems of the linear scales. As a possible solution we propose the use of geometric scales.

Date: 2005
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https://doi.org/10.1111/j.1539-6975.2005.00140.x

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Persistent link: https://EconPapers.repec.org/RePEc:bla:jrinsu:v:72:y:2005:i:4:p:601-607

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