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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
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THE ADEQUACY OF THE RISK ASSESSMENT WHEN APPLYING BONUS-MALUS SYSTEM
Вісник Київського національного університету імені Тараса Шевченка. Серія Економіка, 2014 The adequacy of risk assessment within the application of the bonus – malus factor for compulsory insurance of civil liability of vehicle owners is investigated.
O. Masharo
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A new paradigm of governance for a carbon-pricing system [PDF]
, 2016 Throughout its life, the United Nations has played a pioneering role in the world of ideas. COP21 – also known as Paris 2015 – shows the path for the United Nations to establish a new governance that will enforce the compliance of a new planetary carbon ...
Berezin, A. +2 more
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Sistem Bonus Malus sebagai Model Rantai Markov
Kreano: Jurnal Matematika Kreatif-Inovatif, 2010 Sistem bonus-malus (BMS) yang dibangun mempunyai tujuan untuk membuat premi yang dibayarkan oleh tertanggung sedekat mungkin dengan harapan terjadinya klaim setiap tahunnya.
- Supandi
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Acta Universitatis Lodziensis. Folia Oeconomica, 2018 One of the elements used in the process of tariff calculation of premiums in motor liability insurance is a bonus‑malus system. This systems takes into account the “claims ratio” by means of increases and discounts of the base premium called net premium ...
Anna Edyta Szymańska
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Discrete-Time Risk Models with Claim Correlated Premiums in a Markovian Environment
Risks, 2021 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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Double-counting problem of the bonus–malus system [PDF]
Insurance: Mathematics and Economics, 2020 The bonus-malus system (BMS) is a widely used premium adjustment mechanism based on policyholder's claim history. Most auto insurance BMSs assume that policyholders in the same bonus-malus (BM) level share the same a posteriori risk adjustment. This system reflects the policyholder's claim history in a relatively simple manner.
Rosy Oh +3 more
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Pricing automobile insurance using mixed Poisson distributions [PDF]
Industrija, 2018 Automobile insurance, particularly motor third liability insurance covers dominant share in the portfolio of non-life insurance in almost all countries of the world.
Simeunović Ivana +2 more
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Risks, 2020 This article presents the Poisson-Inverse Gamma regression model with varying dispersion for approximating heavy-tailed and overdispersed claim counts. Our main contribution is that we develop an Expectation-Maximization (EM) type algorithm for maximum ...
George Tzougas
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Special insurance systems for motor vehicle liability [PDF]
, 2013 Automobile insurance is a compulsory purchase for most drivers in Europe and the United States. Obviously, this obligation raises concerns about affordability and availability. To mitigate such problems, in most legal systems special facilities have been
De Mot, Jef, Faure, Michael
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