Results 131 to 140 of about 291 (159)
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A ‘Bonus/Malus’ System With ‘Conditioned’ Bonus
Insurance: Mathematics and Economics, 1990Abstract A modification to classic ‘bonus/malus’ system is proposed. Moving to a lower class is allowed only if a particular condition, related to claim frequency of every single class, is verified. The aim is to maintain financial balance and to maximize the efficiency of premium levels, according to the Buhlmann model results.
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An Actuarial Analysis of the French Bonus-Malus System
Scandinavian Actuarial Journal, 2006The bonus-malus system in force in France differs from most of those used in industrialized countries around the world. Policyholders do not move inside a scale but their premium is obtained with the help of multiplicative CRM coefficients (CRM stands for the acronym of the French coefficient de rduction-majoration).
Michel Denuit, Jean-François Walhin
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Simulation of Automobile Insurance Bonus-Malus Systems
American Journal of Mathematical and Management Sciences, 1997SYNOPTIC ABSTRACTTwo models of a portfolio of automobile insurance contracts are simulated. To analyze the most recent and previous bonus-malus systems (BMS) of Denmark, Germany, Italy, and Switzerland two models, a homogeneous and a heterogeneous, are used. The behavior of three indices of BMS over a course of 30 years is observed and compared for the
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Introduction — Definition of a Bonus-Malus System
1995Most developed countries use several classification variables to differentiate premiums among automobile third-party liability policyholders. Typical variables include age, sex, and occupation of the main driver, the town where he resides, and the type and use of his car.
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Efficiency Measures of a Bonus-Malus System
1985Numerous bonus-malus systems exist all over the world, very different from each other, all of them far removed from the optimal bonus-malus system suggested in chapter 13. In order to compare these systems, we shall define two efficiency measures.
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Construction of an Optimal Bonus-Malus System
1985As is done everywhere in the world, we are going to build up a bonus-malus system exclusively based on the number of accidents reported to the company (and not on their amount). In line with this idea, the pure premium required from an insured can be equated with his claim frequency (by scaling so that the average cost of a claim is one monetary unit).
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The biennial Bonus-Malus Systems
2008Si propone di estendere il "periodo di osservazione" dal quale dipende l'evoluzione della posizione di un assicurato entro un sistema Bonus.-Malus da 1 a 2 anni. Il confronto tra tali sistemi biennali e quelli standard annuali era stato effettuato relativamente alla distribuzione asintotica.
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Tool 3: The Elasticity of a Bonus-Malus System
1995The main goal of the establishment of a bonus-malus system is to reduce the premium for good drivers and to increase it for bad drivers. It is often assumed that the random variables “number of claims” and “claim amount” are independent. This assumption essentially states that the cost of an accident is for the most part beyond the control of a ...
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