Gómez-Déniz, Emilio; Calderín-Ojeda, Enrique - In: Risks : open access journal 6 (2018) 2, pp. 1-11
In the classical bonus-malus system the premium assigned to each policyholder is based only on the number of claims made without having into account the claims size. Thus, a policyholder who has declared a claim that results in a relatively small loss is penalised to the same extent as one who...
