Publisher： Cambridge University Press
E-ISSN： 1783-1350|27|2|319-327
ISSN： 0515-0361
Source： ASTIN Bulletin, Vol.27, Iss.2, 1997-11, pp. : 319-327
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Abstract
The operation of a bonus-malus system, superimposed on a premium system involving a number of other rating variables, is considered. To the extent that good risks are rewarded in their base premiums, through the other rating variables, the size of the bonus they require for equity is reduced. This issue is discussed quantitatively, and a numerical example given.
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