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On the aggregation of experts' information in Bonus-Malus systems

We present in this paper a new premium computation principle based on the use of prior information from multiple sources for computing the premium charged to a policyholder. Under this framework, based on the use of Ordered Weighted Averaging (OWA) operators, we propose alternative collective and Bayes premiums and describe some approaches to compute them. Several examples illustrates the new framework for premium computation.

preprint2016arXivOpen access
Víctor BlancoJosé M. Pérez-Sánchez
q-fin.RMApplicationsmath.OC
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Open access2 authors3 topics
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Citations: 0Reviews: 0Saves: 0Code: not linkedDataset: not linkedInstitutions: 0

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Víctor BlancoJosé M. Pérez-Sánchez

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