The mathematical theory of non-life insurance developed much later than the theory of life insurance. The problems that occur in the former field are far more intricate for several reasons: 1. In the field oflife insurance, the company usually has to pay a claim on the policy only once: the insured dies or the policy matures only once. It is with only a few particular types of policy (for instance, sickness insurance, when the insured starts working again after a period of sickness) that a valid claim can be made on a number of different occasions. On the other hand, the general rule in non-life insurance is that the policyholder is liable to be the victim of several losses (in automobile insurance, of course, but also in burglary and fire insurance, householders' comprehensive insurance, and so on). 2. In the field of life insurance, the amount to be paid by the company excluding any bonuses-is determined at the inception of the policy. For the various types of life insurance contracts, the sum payable on death or at maturity of the policy is known in advance. In the field of non-life insurance, the amount of a loss is a random variable: the cost of an automobile crash, the partial or totalloss of a building as a result of fire, the number and nature of injuries, and so forth.

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`...excellent, interesting and instructive book. ...Professor Jean Lemaire has obtained the Ernst Meyer Prize 1986 of the Association de Genève for this book.'
The Astin Bulletin, 16:2

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Université Libre de Bruxelles, Belgium

Jean Lemaire

Bibliographic Information

Book Title: Automobile Insurance
Book Subtitle: Actuarial Models
Authors: Jean Lemaire
Series Title: Huebner International Series on Risk, Insurance and Economic Security
DOI: https://doi.org/10.1007/978-94-015-7708-3
Publisher: Springer Dordrecht
eBook Packages: Springer Book Archive
Copyright Information: Springer Science+Business Media B.V. 1985
Hardcover ISBN: 978-0-89838-166-5Published: 31 July 1985
Softcover ISBN: 978-90-481-5814-0Published: 15 December 2010
eBook ISBN: 978-94-015-7708-3Published: 09 March 2013
Series ISSN: 0924-5014
Edition Number: 1
Number of Pages: XVIII, 250
Additional Information: Originally published in French
Topics: Business and Management, general, Finance, general

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Table of contents (22 chapters)

Front Matter

Third Party Liability Automobile Insurance in the World

Front Matter

A Priori Classification Criteria

Front Matter

A Posteriori Classification: Bonus-Malus Systems

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Université Libre de Bruxelles, Belgium

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