Landriault, David; Lemieux, Christiane; Willmot, Gordon E. - In: Insurance: Mathematics and Economics 51 (2012) 2, pp. 370-378
In this paper, we consider an extension of the classical risk model in which the premium rate policy is adaptive to claim experience. We assume that the premium rate is reviewed each time the surplus reaches a new descending ladder height. A choice between a finite number m of rates is then made...
