MODELING OF BONUS-MALUS SYSTEM WITH FREQUENCY AND SEVERITY COMPONENTS.

Bonus-Malus systems are widely used all over Europe and Asia. Each client of insurance company is determined to same class. According to this, insurance premium is defined. Depending on the claim frequency and claim severity, client could move from one insurance class to another, receiving discount...

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Bibliographic Details
Published in:	Ìнформаційні технології в освіті
Main Author:	O. Klesov
Format:	Article
Language:	English
Published:	Kherson State University 2010-04-01
Subjects:	bonus-malus insurance insurance company insurance payments insurance premium matrix of transactions
Online Access:	http://ite.kspu.edu/webfm_send/633

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