Evaluating the influential priority of the factors on insurance loss of public transit. [PDF]
Understanding correlation between influential factors and insurance losses is beneficial for insurers to accurately price and modify the bonus-malus system. Although there have been a certain number of achievements in insurance losses and claims modeling,
Wenhui Zhang +3 more
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AUTOMOBILE BONUS-MALUS SYSTEM MODELLING USING MACHINE LEARNING ALGORITHMS [PDF]
Third-party liability is the most important sub-category in automobile insurance, that is why actuaries seek always to design the ideal price list by classifying the insureds into homogeneous classes.
Kouach Yassine +2 more
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In order to exploit the existing GHG emissions reduction potential of a building in the early design phase, approaches and incentives are needed to promote sustainable procurement already in the tendering and awarding phase.
Marco Scherz +2 more
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تطبيق نظام (Bonus-Malus System (BMS في تسعير التأمين التكميلي على السيارات: دراسة تطبيقية على شركات التأمين المصرية [PDF]
يهدف هذا البحث للوصول إلى تقييم تسعير التأمين التكميلي على السيارات من خلال التطبيق على بيانات إحدى شركات تأمينات الممتلكات والمسئولية العاملة بالسوق المصري باستخدام نظام تحفيز – عقوبة (Bonus-Malus system ( BMS , وذلك من أجل الحصول على قسط التأمين على
محمد محمود هاشم درويش
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Bonus-Malus Premiums Based on Claim Frequency and the Size of Claims
The bonus-malus system (BMS) is one of the most widely used tools in merit-rating automobile insurance, with the primary goal of ensuring that fair premiums are paid by all policyholders. The traditional BMS is dependent only on the claim frequency. Thus,
Adisak Moumeesri, Tippatai Pongsart
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PROSPECTS FOR THE DEVELOPMENT OF MOTOR THIRD PARTY LIABILITY INSURANCE ON THE BULGARIAN INSURANCE MARKET [PDF]
The aim of the report is to examine the current and important for the society issues concerning one of the most widespread insurance products - Motor Third Party Liability Insurance. The report examines the use of Motor Third Party Liability insurance on
T. Andreeva
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Claim Modeling and Insurance Premium Pricing Under A Bonus–Malus System in Motor Insurance
Accurately modeling claims data and determining appropriate insurance premiums are vital responsibilities for non-life insurance firms. This article presents novel models for claims that offer improved precision in fitting claim data, both in terms of ...
Ieosanurak Weenakorn +2 more
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Discrete-Time Risk Models with Claim Correlated Premiums in a Markovian Environment
In this paper we consider a discrete-time risk model, which allows the premium to be adjusted according to claims experience. This model is inspired by the well-known bonus-malus system in the non-life insurance industry.
Dhiti Osatakul, Xueyuan Wu
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Multiple Bonus–Malus Scale Models for Insureds of Different Sizes
How to consider the a priori risks in experience-rating models has been questioned in the actuarial community for a long time. Classic past-claim-rating models, such as the Buhlmann–Straub credibility model, normalize the past experience of each insured ...
Jean-Philippe Boucher
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Fuzzy Markovian Bonus-Malus Systems in Non-Life Insurance
Markov chains (MCs) are widely used to model a great deal of financial and actuarial problems. Likewise, they are also used in many other fields ranging from economics, management, agricultural sciences, engineering or informatics to medicine. This paper
Pablo J. Villacorta +2 more
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