This paper examines the current No-Claim Discount (NCD) system used in Ghana’s auto insurance market as inefficient and outmoded and, therefore, proposes an alternative optimal Bonus-Malus System (BMS) intended to meet the present market conditions and demand. It appears that the existing BMS...

1. Introduction -- 2. Bayesian Statistical Analysis -- 3. Computational Aspects of Bayesian Analysis -- 4. Prediction with Parameter Uncertainty -- 5. The Credibility Problem -- 6. The Hierarchical Bayesian Approach -- 7. The Hierarchical Normal Linear Model -- 8. Examples -- 9. Modifications to...

The mortality dynamics experienced in the latest decades, especially at adult and old ages, has motivated the introduction of major innovations in the modeling of mortality for actuarial applications; such innovations concern, in particular, the representation of the uncertainty relating to...