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- Title
ON THE AGGREGATION OF EXPERTS' INFORMATION IN BONUS–MALUS SYSTEMS.
- Authors
Blanco, Víctor; Pérez-Sánchez, José M.
- Abstract
In this paper, we propose a new family of premium calculation principles based on the use of prior information from different sources. Under this framework and based on the use of Ordered Weighted Averaging operators, we provide alternative collective and Bayes premiums and describe some approaches to efficiently compute them. Several examples are detailed to illustrate the performance of the new methods.
- Subjects
INSURANCE premiums; AGGREGATION (Statistics); MATHEMATICAL programming; BAYESIAN analysis; QUANTITATIVE research
- Publication
Astin Bulletin, 2018, Vol 48, Issue 1, p311
- ISSN
0515-0361
- Publication type
Article
- DOI
10.1017/asb.2017.25