Abstract
The following approach is an adaptation to the determination of a bonus-malus system based on a suggestion of Ferreira (1977) for the Control Authorities of the State of Massachusetts. It is based on the use of utility functions, which allows us to break the symmetry between overcharges and undercharges.
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© 1985 Springer Science+Business Media New York
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Lemaire, J. (1985). Penalization of Overcharges. In: Automobile Insurance. Huebner International Series on Risk, Insurance and Economic Security, vol 4. Springer, Dordrecht. https://doi.org/10.1007/978-94-015-7708-3_15
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DOI: https://doi.org/10.1007/978-94-015-7708-3_15
Publisher Name: Springer, Dordrecht
Print ISBN: 978-90-481-5814-0
Online ISBN: 978-94-015-7708-3
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