Multivariate Credibility in Bonus-Malus Systems Distinguishing between Different Types of Claims
Risks, 2018 In the classical bonus-malus system the premium assigned to each policyholder is based only on the number of claims made without having into account the claims size. Thus, a policyholder who has declared a claim that results in a relatively small loss is
Emilio Gómez-Déniz +1 more
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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 +2 more
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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
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AUTOMOBILE BONUS-MALUS SYSTEM MODELLING USING MACHINE LEARNING ALGORITHMS [PDF]
ICTACT Journal on Soft Computing, 2023 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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Developments in the Built Environment, 2023 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]
المجلة العلمية للدراسات والبحوث المالية والتجارية, 2023 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
Risks, 2022 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]
Trakia Journal of Sciences, 2019 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
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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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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