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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Kherson State University,
2010-04-01T00:00:00Z.
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