Bonus-malus Systems with Varying Deductibles [PDF]
ASTIN Bulletin, 2005 Bonus-malus systems typically lead to high maluses when claims at fault are reported. Such penalties are often difficult to implement in practice. It is shown in this paper that this drawback may be avoided by combining a posteriori premium corrections with a deductible varying according to the level occupied in the scale.
Pitrebois, Sandra +2 more
openaire +2 more sources
Fuzzy Markovian Bonus-Malus Systems in Non-Life Insurance
Mathematics, 2021 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
doaj +1 more source
Measuring sensitivity in a bonus–malus system [PDF]
Insurance: Mathematics and Economics, 2002 113
Gómez, E. +3 more
openaire +2 more sources
Asymmetric information, self-selection and pricing of insurance contracts: the simple no-claims case [PDF]
, 2013 This paper presents an optional bonus-malus contract based on a pri-ori risk classification of the underlying insurance contract. By inducing self-selection, the purchase of the bonus-malus contract can be used as a screening device.
Donnelly, Catherine +3 more
core +2 more sources
Bonus–malus systems with different claim types and varying deductibles
Modern Stochastics: Theory and Applications, 2017 The paper deals with bonus–malus systems with different claim types and varying deductibles. The premium relativities are softened for the policyholders who are in the malus zone and these policyholders are subject to per claim deductibles depending on ...
Olena Ragulina
doaj +1 more source
Boosting insights in insurance tariff plans with tree-based machine learning methods [PDF]
, 2020 Pricing actuaries typically operate within the framework of generalized linear models (GLMs). With the upswing of data analytics, our study puts focus on machine learning methods to develop full tariff plans built from both the frequency and severity of ...
Antonio, Katrien +3 more
core +1 more source
Legitimacy of Group-Specific Support for College Access – Results of an Experimental Vignette Study
Swiss Journal of Sociology, 2022 In an experimental vignette study, the respondents were asked to decide whether college applicants should be credited with a bonus or malus on the admission grade, for example due to their migration background, social origin, or effort.
Hillmert Steffen +4 more
doaj +1 more source
Multiple Bonus–Malus Scale Models for Insureds of Different Sizes
Risks, 2022 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
doaj +1 more source
Claim Modeling and Insurance Premium Pricing Under A Bonus–Malus System in Motor Insurance
International Journal of Applied Mathematics and Computer Science, 2023 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
doaj +1 more source
Simulasi Sistem Bonus-malus pada Asuransi Kendaraan Bermotor Berdasarkan Jenis Kecelakaan dan Tingkat Keparahan [PDF]
, 2018 Penelitian ini membahas asuransi kendaraan bermotor di mana penentuan harga premi risikonya berdasarkan data riwayat kecelakaan di masa lalu (experience rating) dan disebut dengan sistem Bonus-Malus.
AWATIF, A. (A) +2 more
core +2 more sources