Results 21 to 30 of about 17,226,922 (183)
Allowance for the Age of Claims in Bonus-Malus Systems [PDF]
ASTIN Bulletin, 2001 AbstractThe purpose of the paper is to use the age of claims in the prediction of risks. A dynamic random effects model on longitudinal count data is presented, and estimated on the portfolio of a major Spanish insurance company. The estimated autocorrelation coefficients of stationary random effects are decreasing. A consequence is that the predictive
Pinquet, Jean +2 more
openaire +3 more sources
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
doaj +1 more source
The Development of an Optimal Bonus-Malus System in a Competitive Market [PDF]
ASTIN Bulletin, 2002 AbstractBMS in force show a progressive reduction of the observed average premium, which causes a financial imbalance in the system (see Lemaire (1995)). As a onsequence, frequent premium adjustments become necessary and result in discrepancy between the reduction defined in the policy contract and the ffective discount applied to the driver.
BAIONE F +2 more
openaire +6 more sources
Asymmetric information, self-selection and pricing of insurance contracts: the simple no-claims case [PDF]
, 2014 This article presents an optional bonus-malus contract based on a priori risk classification of the underlying insurance contract. By inducing self-selection, the purchase of the bonus-malus contract can be used as a screening device.
Tanggaard, Carsten +7 more
core +1 more source
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
doaj +1 more source
Multiple Bonus–Malus Scale Models for Insureds of Different Sizes
Risks, 2022 How to consider the a priori risks in experience-rating models has been questioned in the actuarial community for a long time. Classic past-claim-rating models, such as the Buhlmann–Straub credibility model, normalize the past experience of each insured ...
Jean-Philippe Boucher
doaj +1 more source
THE ADEQUACY OF THE RISK ASSESSMENT WHEN APPLYING BONUS-MALUS SYSTEM
Вісник Київського національного університету імені Тараса Шевченка. Серія Економіка, 2014 The adequacy of risk assessment within the application of the bonus – malus factor for compulsory insurance of civil liability of vehicle owners is investigated.
O. Masharo
doaj +1 more source
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
doaj +1 more source
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.
openaire +1 more source
Generalized bonus-malus systems with a frequency and a severity component on an individual basis in automobile insurance [PDF]
Mahmoudvand , R., Hassani, Hossein
core +9 more sources