Extreme Types of Bonus-Malus System Fair by Transition Rules

• Autorzy: Maria Podgórska
• Języki publikacji: EN

Abstrakty

EN

In the article four extreme variants of BMSFTR in which extreme transition rules are valid, i.e. rules of maximum/minimum advancement and maximum/minimum fall, are presented. These four systems allow us to determine the lowest and highest expected premium in any insurance year in any BMSFTR and the intervals of values of expected premium in the systems of BMSFTR type which are modifications of these four extreme systems. (original abstract)

Słowa kluczowe

EN

Insurance market; System research; Bonus-malus system

PL

Rynek ubezpieczeniowy; Badania systemowe; Systemy bonus-malus

• Czasopismo: Roczniki Kolegium Analiz Ekonomicznych / Szkoła Główna Handlowa
• Rocznik: 2008
• Numer: nr 18 Modelling and analysis of automobile insurance and financial markets
• Strony: 43--67

Twórcy

autor

Maria Podgórska

• Szkoła Główna Handlowa w Warszawie

Bibliografia

• Cieślik b. (2003), Comparative analysis of bonus-malus systems in Poland (in Polish), Insitute of Economietrics, Warsaw School of Economics, Warsaw.
• Niemiec M. (2007), Matix of expected first passage and return time in the analysis of the bonus-malus systems (Ph.D.thesis in Polish), of Collegium of Economic Analyses, Warsaw School of Economics, Warsaw.
• Niemiec M. (2008) Stationary properties of bonus-malus systems fair by transition rules, ), Annals of Collegium of Economics Analyses, Volume 18, 66.69-81.
• Podgórska M. (2008), Expected premium in the model of bonus-malus systems fair by transitions rules, Annales of Collegium of Economic Analyses, Volume 18, pp. 25-41.
• Podgórska M., Kryszeń B., Niemiec M. (2008), Fair bonus-malus systems, Annales of Collegium of Economic Analyses, Volume 18, pp. 11-24.