Moumeesri, Adisak; Pongsart, Tippatai - In: Risks : open access journal 10 (2022) 9, pp. 1-22
The bonus-malus system (BMS) is one of the most widely used tools in merit-rating automobile insurance, with the primary goal of ensuring that fair premiums are paid by all policyholders. The traditional BMS is dependent only on the claim frequency. Thus, an insured person who makes a claim with...