Results 21 to 30 of about 17,226,873 (148)

Modeling and Performance of Bonus-Malus Systems: Stationarity versus Age-Correction

Risks, 2014
In a bonus-malus system in car insurance, the bonus class of a customer is updated from one year to the next as a function of the current class and the number of claims in the year (assumed Poisson).
Søren Asmussen
doaj   +1 more source

Optimal Claiming Strategies in Bonus Malus Systems and Implied Markov Chains

Risks, 2017
In this paper, we investigate the impact of the accident reporting strategy of drivers, within a Bonus-Malus system. We exhibit the induced modification of the corresponding class level transition matrix and derive the optimal reporting strategy for ...
Arthur Charpentier, Arthur David, Romuald Elie   +2 more
doaj   +1 more source

The Optimal Bonus-Malus System: Case of The Democratic Republic of Congo

InPrime
Automobile insurance is required in most African nations, and it is the most significant branch in the Democratic Republic of the Congo (DRC); if the automobile branches are poorly managed, this could even result in the insurance company's insolvency.
Crispin Bukanga Maheshe, Mabela Makengo Matendo Rostin   +1 more
doaj   +1 more source

THE UTILIZATION OF TRANSITION MATRIX IN BONUS-MALUS SCHEME FOR DETERMINING MOTOR VEHICLE INSURANCE PREMIUMS

Barekeng
Motor vehicle usage in Indonesia ranks among the highest globally, reaching approximately 141,992,573 units. The growing variety and number of automobiles contribute significantly to traffic congestion and heightened risks to public safety.
Seftina Diyah Miasary, Ayus Riana Isnawati, Hana Zhafira Marmu'asyifa   +2 more
doaj   +1 more source

The Insurance Market in Romania Motor Thrid Party Liability Insurance: Communication on Developments, Risks, Challenges and Perspectives [PDF]

Revista de Studii Financiare
The risks faced by the Romanian insurance market are significant and come from both the difficult global context and the internal dynamics. Paradoxically, however, the underdevelopment of the market, especially in the life insurance sector, and the ...
Cecilia Ciocîrlan, Andreea Popescu-Crețulescu, Razvan Cristian Secui   +2 more
doaj   +1 more source

Welfare implications of fair and accountable insurance pricing

Journal of Risk and Insurance, EarlyView.
Abstract This paper introduces an empirical framework to evaluate the welfare implications of fair and accountable insurance pricing by modeling the complete pricing process, including demand and price optimization. Moving beyond traditional cost modeling, we analyze both discrimination‐related fairness criteria and broader regulatory constraints, such
Fei Huang, Hajime Shimao
wiley   +1 more source

Selection in car insurance when claims are heterogeneous

Journal of Risk and Insurance, EarlyView.
Abstract Econometric studies of insurance markets have analyzed the Positive Correlation Property to test for the presence of asymmetric information. Car‐insurance studies frequently compare policies purchasing Mandatory Third‐Party Liability alone with policies that purchase additional coverage and use the presence of a liability claim as a measure of
Edmund Cannon, Giam Pietro Cipriani, Alessandro Lai   +2 more
wiley   +1 more source

Fairness‐aware insurance pricing: A multi‐objective optimization approach

Journal of Risk and Insurance, EarlyView.
Abstract Machine‐learning models can provide accurate predictions in insurance pricing, but can also increase disparities between protected groups. Existing fairness‐aware pricing approaches typically target one fairness notion at a time, making it difficult to compare trade‐offs between predictive accuracy, group fairness, individual fairness, and ...
Tim J. Boonen, Xinyue Fan, Zixiao Quan
wiley   +1 more source

A Comparison of Several Bonus Malus Systems [PDF]

, 2015
The paper deals with the automobile third party liability insurance and several bonus malus system are compared in it on the basis of Loimaranta efficiency. Very important task for actuary is creating rating system that will fairly distributed the burden
Kafkova, Silvie
core   +1 more source

Artificial intelligence‐powered plant phenomics: Progress, challenges, and opportunities

The Plant Phenome Journal, Volume 9, Issue 1, December 2026.
Abstract Artificial intelligence (AI), a key driver of the Fourth Industrial Revolution, is being rapidly integrated into plant phenomics to automate sensing, accelerate data analysis, and support decision‐making in phenomic prediction and genomic selection.
Xu Wang, Daeun Choi, Damian Adams, Jaehyun Ahn, Kelly Balmant, Raquel Dias, Carlos D. Messina, Rafael Muñoz‐Carpena, Vance M. Whitaker, Haipeng Yu, Ziwen Yu, Chang Zhao, Changying Li   +12 more
wiley   +1 more source