Generalized Bonus-Malus Systems with a Frequency and a Severity Component on an Individual Basis in Automobile Insurance*

Rahim Mahmoudvand and Hossein Hassani

ASTIN Bulletin, 2009, vol. 39, issue 1, 307-315

Abstract: Frangos and Vrontos (2001) proposed an optimal bonus-malus systems with a frequency and a severity component on an individual basis in automobile insurance. In this paper, we introduce a generalized form of those obtained previously.

Date: 2009
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