Business risk
Bonus-malus
System that adjusts the renewal premium based on the claims recorded in previous years.
In practice
Common in fleets and automobiles. In large fleets, it is advisable to look at it together with the excess: increasing the retention of small damages protects the bonus step of the following years.
Where it is addressed
This term is covered in Movilidad y flotas and applies when taking out Vehículos y Flotas.
