A note on computing bonus-malus insurance premiums using a hierarchical bayesian framework

• Autores: Emilio Gómez Déniz, Francisco José Vázquez Polo, José María Pérez Sánchez
• Localización: Test: An Official Journal of the Spanish Society of Statistics and Operations Research, ISSN-e 1863-8260, ISSN 1133-0686, Vol. 15, Nº. 2, 2006, págs. 345-359
• Idioma: inglés
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• Resumen

  • In this paper we consider statistical problems arising from applications concerning insurance-premium calculation. We describe an integrated set of Bayesian tools for modelling bonus-malus systems (BMS) for insurance premiums. This paper describes a bonus-malus system (BMS) applicable to insurance claims procedures, constructed using a hierarchical Bayesian model. We then address notions and techniques of robust Bayesian analysis in the context of problems arising in BMS.