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 … makes a large severity claim. This study proposes a model for estimating the bonus-malus premium by employing a limit value … gamma distribution, with the Lindley distribution considered as the prior distribution. Bonus-malus premiums are calculated …