Article: article from journal or magazin.
The Efficiency of the Swiss Bonus-malus System
Bulletin de l'Association Suisse des Actuaires
The efficiency of the (new) Swiss bonus-malus system is analyzed according to three efficiency measures. In addition, the analytical form of the stationary distribution of the system, which is involved in two of the efficiency measures, is obtained as a byproduct of its recursive calculation scheme.
Bonus-Malus, Recursive Calculation
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