✦ LIBER ✦
083029 (M31) An actualized, recursive interval approach for the determination of a bonus-malus system : Berliner B., Babad Y.M., XXVII Astin Colloquium, Copenhagen, Denmark, 1996, Volume 1, pp. 184–201
- Book ID
- 104299764
- Publisher
- Elsevier Science
- Year
- 1997
- Tongue
- English
- Weight
- 89 KB
- Volume
- 19
- Category
- Article
- ISSN
- 0167-6687
No coin nor oath required. For personal study only.
✦ Synopsis
Abstracts and Reviews
approach will be done with respect to group life insurance. The group of insured exists of two homogeneous subgroups, mutually ordered in mortality. Despite of this, all insured have to pay the same premium for the same benefits. The cases of single premium payment and continuous level premium payment are discussed. Premiums based on the principles of 'equivalence on an individual level' and 'equivalence on a group level' are compared. The formulas derived are illustrated by some examples.