Results 71 to 80 of about 5,181 (195)
International practice of the bonus-malus system
Central Asian Economic ReviewPurpose of the research – evaluation of the eff ectiveness of the "bonus-malus" in the class of compulsory insurance of civil liability of vehicle owners and the identification of the conceptual foundations of compulsory insurance of civil liability inherent in the experience of foreign countries, as well as the development of proposals to improve ...
A. O. Bazarbayev +2 more
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Bonus-Malus System Using Finite Mixture Models
Statistics, Optimization & Information Computing, 2017 There is a vast literature on Bonus-Malus System (BMS), in which a policyholders responsible for positive claims will be penalised by a malus and the policyholders who had no claim will be rewarded by a bonus. In this paper, we present an optimal BMS using finite mixture models.
Saeed MohammadPour +2 more
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The future of securitization [PDF]
, 2008 Securitization is a financial innovation that experiences a boom-bust cycle, as many other innovations before. This paper analyzes possible reasons for the breakdown of primary and secondary securitization markets, and argues that misaligned incentives ...
Franke, Günter, Krahnen, Jan Pieter
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A Comparison of Several Bonus Malus Systems
Procedia Economics and Finance, 2015 AbstractThe paper deals with the automobile third party liability insurance and several bonus malus system are compared in it on the basis of Loimaranta efficiency. Very important task for actuary is creating rating system that will fairly distributed the burden of claims among policyholders. For these purposes, most insurance companies use generalized
openaire +1 more source
New financial order : recommendations by the Issing Committee ; preparing G-20 – Washington, November 15, 2008 [PDF]
, 2009 Content New Financial Architecture (Short Version) 1. Purpose of the paper – causes of the crisis 2. Recommendations 2.1. Incentives 2.2. Transparency 2.3. Regulation and Supervision 2.4. International Institutions 3.
Asmussen, Jörg +5 more
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Commitment and Lapse Behavior in Long-Term Insurance: A Case Study [PDF]
, 2011 International audienceThis paper presents a case study of a portfolio of individual long-term insurance contracts sold by a Spanish mutual company.
Ayuso, Mercedes +2 more
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Simulasi Sistem Bonus-malus pada Asuransi Kendaraan Bermotor Berdasarkan Jenis Kecelakaan dan Tingkat Keparahan [PDF]
, 2018 Penelitian ini membahas asuransi kendaraan bermotor di mana penentuan harga premi risikonya berdasarkan data riwayat kecelakaan di masa lalu (experience rating) dan disebut dengan sistem Bonus-Malus.
AWATIF, A. (A) +2 more
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Separating Moral Hazard from Adverse Selection and Learning in Automobile Insurance: Longitudinal Evidence from France [PDF]
The identification of information problems in different markets is a challenging issue in the economic literature. In this paper, we study the identification of moral hazard from adverse selection and learning within the context of a multi-period dynamic
Georges Dionne +2 more
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On the Convergence Rate of Bonus-Malus Systems [PDF]
ASTIN Bulletin, 1992 AbstractUnder certain conditions, a Bonus-Malus system can be interpreted as a Markov chain whose n-step transition probabilities converge to a limit probability distribution. In this paper, the rate of the convergence is studied by means of the eigenvalues of the transition probability matrix of the Markov chain.
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Better Safe than Sorry? Ex Ante and Ex Post Moral Hazard in Dynamic Insurance Data [PDF]
This paper empirically analyzes moral hazard in car insurance using a dynamic theory of an insuree's dynamic risk (ex ante moral hazard) and claim (ex post moral hazard) choices and Dutch longitudinal micro data.
Abbring, J.H. +2 more
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