Xie, Shengkun; Esposito, Emilio Xavier - In: Risks : open access journal 7 (2019) 2/42, pp. 1-20
Territory design and analysis using geographical loss cost are a key aspect in auto insurance rate regulation. The major objective of this work is to study the design of geographical rating territories by maximizing the within-group homogeneity, as well as maximizing the among-group...