Boucher, Jean-Philippe; Côté, Steven; Guillén, Montserrat - In: Risks : open access journal 5 (2017) 4, pp. 1-23
In Pay-As-You-Drive (PAYD) automobile insurance, the premium is fixed based on the distance traveled, while in usage-based insurance (UBI) the driving patterns of the policyholder are also considered. In those schemes, drivers who drive more pay a higher premium compared to those with the same...
