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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Contract design and insurance fraud: An experimental investigation [PDF]
This paper investigates the impact of insurance contract design on the behavior of filing fraudulent claims in an experimental setup. We test how fraud behavior varies for insurance contracts with full coverage, a straight deductible or variable premiums
Lammers, Frauke, Schiller, Jörg
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How the Green Architecture of the 2023-2027 Common Agricultural Policy could have been greener. [PDF]
Ambio, 2023 Guyomard H +7 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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Optimal claim behaviour for vehicle damage insurances [PDF]
In this paper we analyse the optimal claim behaviour of a risk sensitive policy holder having a vehicle damage insurance. It is proved that the optimal decision is of the form: to claim for damages only if its amount exceeds a certain limit. Moreover, we
Dellaert, N.P. +2 more
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Modeling issues in longevity and bonus-malus system [PDF]
, 2019 This thesis explores several modeling issues in longevity and bonus-malus system. On one hand, research in the areas of longevity and mortality are closely related. Mortality is one of the oldest research topics in actuarial science, dates back to year 1825 when Benjamin Gompertz published the law of human mortality.
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Acceptance of criteria for health and driver scoring in the general public in Germany. [PDF]
PLoS One, 2021 Rebitschek FG +5 more
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Distribution of Loss Severity of Bonus-Malus Systems
Indian Journal of Science and Technology, 2014 This paper describes a method for computing the distribution function of the loss severity in a Bonus-Malus system with k levels. A closed form expression for the distribution function of the loss severity by assuming different distributions for claim sizes and claim numbers in each level has been derived.
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Pollen samples from a bumble bee (Hymenoptera: Apidae) collection show historic foraging on introduced and native plants in the South Island of New Zealand. [PDF]
PLoS One, 2022 Knowles M +4 more
europepmc +1 more source
Is the Market Classification of Risk Always Efficient? - Evidence from German Third Party Motor Insurance [PDF]
The efficiency of market-determined risk classification in automobile insurance is a lasting matter of controversy. It can be traced back to the 1950s (Muir, 1957) and received broad economic attention in the 1980s when spiralling car insurance premiums ...
Reimund Schwarze, Thomas Wein
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