On the aggregation of experts' information in Bonus-Malus systems
Optimization and Control
2016-11-10 v2 Risk Management
Applications
Abstract
We present in this paper a new premium computation principle based on the use of prior information from multiple sources for computing the premium charged to a policyholder. Under this framework, based on the use of Ordered Weighted Averaging (OWA) operators, we propose alternative collective and Bayes premiums and describe some approaches to compute them. Several examples illustrates the new framework for premium computation.
Keywords
Cite
@article{arxiv.1511.03876,
title = {On the aggregation of experts' information in Bonus-Malus systems},
author = {Víctor Blanco and José M. Pérez-Sánchez},
journal= {arXiv preprint arXiv:1511.03876},
year = {2016}
}
Comments
8 Tables; 3 Figures