Fitting the Belgian Bonus-Malus System
We show in this paper how to obtain the relativities of the Belgian Bonus-Malus System, including the special bonus rule sending the policyholders in the malus zone to initial level after four claim-free years. The model allows for a priori tarification. It is applied to a real-life portfolio.
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| Dokumenttyp: | workingPaper |
| Erscheinungsdatum: | 2003 |
| Schlagwörter: | Bonus-Malus System / Markov Chain / Sta- tionary distribution / a priori tarification |
| Sprache: | Englisch |
| Permalink: | https://search.fid-benelux.de/Record/base-28876241 |
| Datenquelle: | BASE; Originalkatalog |
| Powered By: | BASE |
| Link(s) : | http://hdl.handle.net/2078/114631 |
