Rating the Discount for a Motor Insurance Excess*

G. C. Taylor

ASTIN Bulletin, 1979, vol. 10, issue 3, 295-302

Abstract: The problem of rating the discount for an excess is considered under the condition where premium rates for excess-free policies are calculated according to a multiplicative (or equivalently, points rating) model.Section 3 obtains some inequalities on the manner in which the discount should vary over the various risk-classes in the portfolio and compares the results with the current practical situation in Australia.Section 4 derives a formula for rating the discount and gives some reasonable and practical approximations.

Date: 1979
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