Experience rating schemes for fleets of vehicles

This paper proposes bonus-malus systems for fleets of vehicles, by using the individual characteristics of both the vehicles and the carriers. Bonus-malus coefficients are computed from the history of claims or from the history of safety offences of the carriers and the drivers. The empirical results are derived from a data set obtained from the Societe de l’Assurance Automobile du Quebec, the public insurer for bodily injuries and the regulator of road safety.

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