Results 21 to 30 of about 291 (159)
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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The Efficiency of a Bonus-Malus System [PDF]
ASTIN Bulletin, 1978 AbstractThe concept efficiency of a bonus-mains system was defined, apparently in a totally different way, consecutively by Loimaranta (1972) and Lemaire (1975, 1976). In this paper we start with a more general model that leads us to a definition of efficiency that contains both earlier ones as special cases.
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Allowance for Cost of Claims in Bonus-Malus Systems [PDF]
ASTIN Bulletin, 1997 AbstractThe objective of this paper is to make allowance for cost of claims in experience rating. We design here a bonus-malus system for the pure premium of insurance contracts, from a rating based on their individual characteristics. Empirical results are presented, that are drawn from a French data base of automobile insurance contracts.
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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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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
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Energy, Sustainability and Society, 2023 Background District Heating (DH) is a technology that provides heating and domestic hot water to buildings and is an important technology for supporting the European energy transition.
Kristina Lygnerud +6 more
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Optimization of transition rules in a Bonus-Malus system
Electronic Notes in Discrete Mathematics, 2018 Abstract Bonus-Malus systems are widely used in the insurance business. For the operation of such systems transition rules and premium scales need to established. Optimization of these systems usually means the calculation of appropriate premium scales while treating transition rules external parameters.
Márton Gyetvai, Kolos Csaba Ágoston
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Bonus-Malus Systems: “Lack of Transparency” and Adequacy Measure [PDF]
ASTIN Bulletin, 2002 AbstractBased on a recent contribution by Baione and others in this Journal, some consequences of the decrease of the mean merit coefficient for portfolios of Bonus-Malus policies, and some alternative ways to measure the “quality” of a Bonus-Malus system are discussed.
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The Optimal Bonus-Malus System: Case of The Democratic Republic of Congo
InPrimeAutomobile insurance is required in most African nations, and it is the most significant branch in the Democratic Republic of the Congo (DRC); if the automobile branches are poorly managed, this could even result in the insurance company's insolvency.
Crispin Bukanga Maheshe +1 more
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THE BONUS-MALUS SYSTEM MODELLING USING THE TRANSITION MATRIX [PDF]
Challenges of the Knowledge Society, 2012 The motor insurance is an important branch of non-life insurance in many countries; in some of them, coming first in total premium income category (in Romania, for example).
SANDRA TEODORESCU
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