A Set of Bonus-Malus Systems Fair by Transitions Rules - Elements of Analysis

• Autorzy: Małgorzata Niemiec , Marcin Topolewski
• Języki publikacji: EN

Abstrakty

EN

The paper considers a set of bonus-malus systems fair by transition rules (BMSFTR). Al-though the definition of such system reduces a set of all BM systems, the number of systems of BMSFTR type still remains huge First we use a special algorithm to generate all possible systems of BMSFTR type with a given number of classes. Then we propose to implement a premium criterion that fulfils the definition of BMSFTR and, which is very important, makes systems financially balanced. Next we choose appropriate measures which allow to analyse and compare all possible systems of a given size in respect of their performance in different portfolios i.e. portfolios which differ by claim frequency and claim variance. The results of the analysis are general conclusions on how transition rules and portfolio's characteristics influence system performance. (original abstract)

Słowa kluczowe

EN

Motor insurance

PL

Ubezpieczenia komunikacyjne OC

• Czasopismo: Roczniki Kolegium Analiz Ekonomicznych / Szkoła Główna Handlowa
• Rocznik: 2008
• Numer: nr 18 Modelling and analysis of automobile insurance and financial markets
• Strony: 113--145

Twórcy

autor

Małgorzata Niemiec

• Szkoła Główna Handlowa w Warszawie

autor

Marcin Topolewski

• Szkoła Główna Handlowa w Warszawie

Bibliografia

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