Multi-Event Bonus-Malus Scales

This article is devoted to the design of bonus-malus scales involving different types of claims. Typically, claims with or without bodily injuries, or claims with full or partial liability of the insured driver, are distinguished and entail different penalties. Under mild assumptions, claim severities can also be taken into account in this way. Numerical illustrations enhance the interest of the approach. Copyright The Journal of Risk and Insurance, 2006.