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Document Details : Title: A financially Balanced Bonus/Malus System Author(s): DORAY, L. , COENE, G. Journal: ASTIN Bulletin Volume: 26 Issue: 1 Date: May 1996 Pages: 107-116 DOI: 10.2143/AST.26.1.563236 Abstract : The premiums for a bonus-malus system which stays in financial equilibrum over the years are calculated This is done by minimizing a quadratic function of the difference between the premium for an optimal BMS with an infinite number of classes and the premium for a BMS with a finite number of classes, weighted by the stationary probability of being in a certain class, and by imposing various constraints on the system. |
