Bonus-Malus
Bonus-Malus systems with two component mixture models arising from different parametric families.
... recent Bonus-Malus literature ...to Bonus-Malus premiums calculated with the expected value principle which vary little under di¤erent distributional assumptions regarding a group of ...
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Quest for Optimal Bonus-Malus in Automobile Insurance in Developing Economies: An Actuarial Perspective
... into bonus-malus classes, and their claims histories then modify the class upon each ...renewal. Bonus malus system is normally determined by three elements: the premium scale, the initial ...
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The design of an optimal Bonus-Malus System based on the Sichel distribution
... Abstract This paper presents the design of an optimal Bonus-Malus System (BMS) using the Sichel distribution to model the claim frequency distribution. This system is proposed as an alternative to the ...
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FITTING THE ALGERIAN BONUS-MALUS SYSTEM FOR AUTOMOBILE INSURANCE : AN APPROACH WITH MARKOV CHAINS
... système Bonus-Malus est l'une des solutions choisies par les compagnies d'assurance pour augmenter l'efficacité dans le domaine de l'assurance ...système Bonus-Malus ...systèmes ...
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DESIGN OF OPTIMAL BONUS-MALUS SYSTEMS WITH A FREQUENCY AND A SEVERITY COMPONENT ON AN INDIVIDUAL BASIS IN AUTOMOBILE INSURANCE ABSTRACT KEYWORDS
... a Bonus-Malus scale where some rating factors are used to recognize the differentiation of underlying claim frequency by experience, but only to the extent that this dif- ferentiation is not recognized ...
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On the Evaluation of the Asymptotic Fairness of Bonus-Malus Systems
... optimal scale of premiums. By means of the expression commercial re- quirements we try to refer to some conditions that the designer should like the BMS to verify in order to get it market competitive and attrac- tive to ...
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Het bonus/malus principe : naar een overzicht van de toepassingsmogelijkheden in een D&C contract
... De bouwwereld is momenteel volop in ontwikkeling. Innovatieve aanbestedings- en contractvormen doen hun intrede en worden vanuit politiek-bestuurlijke hoek gestimuleerd. Wanneer men kijkt naar projecten in de Grond, Weg ...
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Sturingsmogelijkheden in een D&C contract : praktijkgericht onderzoek naar de werking van het bonus/malus principe
... het bonus/malus-principe in praktijk geen ...afgestelde bonus casu quo malus kan het aantrekkelijk zijn voor de opdrachtnemer om toch terug te vallen in ...een malus te wachten staat ...
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Bonus-Malus Systems with Two Component Mixture Models Arising from Different Parametric Families
... of a priori risk factors indirectly yields a model for scale, shape and prior (mixing) probabilities in the case of two component mixture models. Thus, even if the mean is the most commonly used measure of the expected ...
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Confidence intervals of the premiums of optimal Bonus Malus Systems
... Bonus-Malus Systems, BMS in short, are experience rating mechanisms which im- pose penalties on policyholders responsible for one or more accidents by premium surcharges (or maluses) and reward discounts ...
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Bonus-malus Systems in Vehicle Insurance
... In this article we have shown the estimate of a priori annual claim frequency and application of bonus-malus system in the vehicle insurance. The GLM models and analysis of deviance has been used for the ...
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A Comparison of Several Bonus Malus Systems
... several bonus malus system are compared in it on the basis of Loimaranta ...the bonus malus system that rewards good drivers and penalizes bad ...the bonus malus system for ...
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CAN BONUS-MALUS ALLIEVIATE INSURANCE FRAUD?
... by bonus-malus premiums, with no audit mechanism at all for all clients that renew their contract, and not to advance the conjecture that the model of this article is in any way more optimal or efficient ...
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Bonus-malus in insurance portfolios
... subsequent inter-claim time if the current one satisfies a certain condition thus introducing a dependence structure into the process. Without loss of general- ity, Figure 2.1 plots an example of such risk processes and ...
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SETTING A BONUS-MALUS SCALE IN THE PRESENCE OF OTHER RATING FACTORS GREG TAYLOR
... is a function of claims experience, the individuals in the portfolio with low claim fre- quency parameters will tend to gravitate to the BM classes characterised [r] ...
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Incentives in Design&Construct Praktijkonderzoek naar de effectiviteit van bonus/malusregelingen in Design&Construct contracten
... of bonus/malus-incentives hasn’t really been examined ...of bonus/malus-incentives. Bonus/malus-incentives link payment to the contractor’s performance during the execution ...
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Better Safe than Sorry? Ex Ante and Ex Post Moral Hazard in Dynamic Insurance Data
... between bonus-malus ...high bonus-malus classes, the Dutch bonus-malus system has implications that are similar to those of the French proportional experience-rating scheme ...
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Contract design and insurance fraud: An experimental investigation
... In real-world insurance markets, two contractual arrangements are very common. First, deductible contracts specify a fixed amount of money that a policyholder herself must bear in the case of a loss. It can be shown that ...
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FZID Discussion Papers
... aspects, bonus-malus contracts are superior to deductible contracts in a multi-period ...use bonus-malus contracts as an effective means to address adverse selection and moral hazard ...
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CFO Compensation Survey
... the bonus pool up to some ...met. Bonus pool arrangements can still leave open the possibility of a subjective ...the bonus pool despite poor financial performance, not funding the pool even if the ...
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