BarekengMotor 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 +2 more
doaj +1 more source
A Survey of the Individual Claim Size and Other Risk Factors Using Credibility Bonus-Malus Premiums
Risks, 2020 In this paper, a flexible count regression model based on a bivariate compound Poisson distribution is introduced in order to distinguish between different types of claims according to the claim size. Furthermore, it allows us to analyse the factors that
Emilio Gómez-Déniz +1 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
Does Proactivity Affect Insurance Solidarity and Individual Responsibility?
The British Journal of Sociology, EarlyView.ABSTRACT Over the past 20 years, the insurance industry has been experimenting with technological innovations that deeply affect its business model and social function. This article explores the use of digital technologies to monitor policyholders' behaviour and personalise their insurance coverage.
Alberto Cevolini, Elena Esposito
wiley +1 more source
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
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
Bonus-Malus Systems with Two Component Mixture Models Arising from Different Parametric Families [PDF]
, 2018 Two component mixture distributions defined so that the component distributions do not necessarily arise from the same parametric family are employed for the construction of Optimal Bonus-malus Systems (BMS) with frequency and severity components.
Frangos, N, Tzougas, G, Vrontos, S
core +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 +2 more
wiley +1 more source
Asignación de primas en el seguro del automóvil utilizando el Análisis en ComponentesPrincipales Funcionales = Premium allocation in the car insurance by using Functional Principal Component Analysis. [PDF]
Revista de Métodos Cuantitativos para la Economía y la Empresa, 2007 El estudio de las primas de riesgo en el seguro del automóvil es de suma importancia, debido a la gran competitividad existente en el mercado asegurador.
Herranz Peinado, C. Patricia +2 more
doaj
Evaluating the influential priority of the factors on insurance loss of public transit. [PDF]
PLoS ONE, 2018 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
doaj +1 more source