Optimization Approaches to Multiplicative Tariff of Rates Estimation in Non-Life Insurance

Abstract

We focus on rating of non-life insurance contracts. We employ multiplicative models with basic premium levels and specific surcharge coefficients for various levels of selected risk/rating factors. We use generalized linear models (GLM) to describe the probability distribution of total losses for a contract during one year. We show that the traditional… (More)
DOI: 10.1142/S0217595914500328
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