Results 161 to 170 of about 5,158 (183)

A bonus—malus system in automobile insurance

Insurance: Mathematics and Economics, 1988
Abstract The Storebrand Insurance Company has introduced a new bonus—malus system for automobile insurance (passenger cars) into the Norwegian market. The new system differs from traditional bonus—malus systems mainly due to the fact that bonus reduction after a claim is expressed by a fixed monetary amount.
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Bonus–Malus systems with Weibull distributed claim severities

Annals of Actuarial Science, 2014
AbstractOne of the pricing strategies for Bonus–Malus (BM) systems relies on the decomposition of the claims’ randomness into one part accounting for claims’ frequency and the other part for claims’ severity. By mixing an exponential with a Lévy distribution, we focus on modelling the claim severity component as a Weibull distribution.
Weihong Ni, Corina Constantinescu, Athanasios A. Pantelous   +2 more
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A ‘bonus/malus’ system with ‘conditioned’ bonus

Insurance: Mathematics and Economics, 1990
Abstract 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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Bonus-Malus Systems with Hybrid Claim Severity Distributions

Vulnerability, Uncertainty, and Risk, 2014
One of the pricing strategies for Bonus-Malus (BM) systems relies on the decomposition of the claims’ randomness, namely, one part accounting for claims’ frequency and the other part for claims’ severity. For a Negative Binomial number of claims, we focused on the modelling of claim severities using a hybrid structure.
Weihong Ni, Bo Li, Corina Constantinescu, Athanasios A. Pantelous   +3 more
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Efficiency Measures of a Bonus-Malus System

1985
Numerous 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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Introduction — Definition of a Bonus-Malus System

1995
Most 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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Construction of an Optimal Bonus-Malus System

1985
As 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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Bonus-Malus Systems in Open and Closed Portfolios

2014
A Bonus-Malus system (BMS) is one of the types of experience ratemaking methods in automobile insurance in which the future premiums are adjusted according to the insured’s claim history. Usually it is assumed the considered portfolio for designing a BMS is closed, where the policyholders only have movement between specified classes in the portfolio ...
Rahim Mahmoudvand, Samane Aziznasiri
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The biennial Bonus-Malus Systems

2008
Si 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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Exponential bonus-malus systems integrating a priori risk classification

2001
Summary: This paper examines an integrated ratemaking scheme including a priori risk classification and a posteriori experience rating. In order to avoid the high penalties implied by the quadratic loss function, the symmetry between the overcharges and the undercharges is broken by introducing parametric loss functions of exponential type.
Bermudez, Llufs, Denuit, Michel, Dhaene, Jan   +2 more
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