Browsing by Subject "Medical and health"
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Demonstrating Bonus Malus System (BMS) with fair deductibles amount and control mechanism of claim amount and frequency on Medical and Health Insurance Portfolio
(Institute of Engineering Mathematics, Universiti Malaysia Perlis, 2021-12)This paper presents the preliminary work of implementing the BMS in the Medical and Health Insurance (MHI). The application of the Bonus Malus System (BMS) is common in automobile insurance, but having it on MHI is something ...