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Document Details :

Title: Bonus-Malus Systems with Varying Deductibles
Author(s): PITREBOIS, S. , WALHIN, J.-F. , DENUIT, M.
Journal: ASTIN Bulletin
Volume: 35    Issue: 1   Date: May 2005   
Pages: 261-274
DOI: 10.2143/AST.35.1.583175

Abstract :
Bonus-malus systems typically lead to high maluses when claims at fault are reported. Such penalties are often difficult to implement in prctice. It is shown in this paper that this drawback may be avoided by combining a posteriori premium corrections with a deductible varying according to the level occupied in the scale.