Exponential Bonus-Malus Systems Integrating a Priori Risk Classification

This paper examines an integrated ratemaking scheme including a priori risk classification and a posteriori experience rating. In order to avoid the high penalties implied by the quadratic loss function, the symmetry between the overcharges and the undercharges is broken by introducing parametric loss functions of exponential type

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Year of publication:	[2006]
Authors:	Bermúdez, Lluís
Other Persons:	Denuit, Michel (contributor) ; Dhaene, Jan (contributor)
Publisher:	[2006]: [S.l.] : SSRN

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Extent:	1 Online-Ressource (25 p)
Type of publication:	Book / Working Paper
Notes:	In: Journal of Actuarial Practice, Vol. 9, pp. 84-112, 2001
Source:	ECONIS - Online Catalogue of the ZBW

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