Overview
Part of the book series: Huebner International Series on Risk, Insurance and Economic Security (HSRI, volume 19)
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Table of contents (16 chapters)
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Front Matter
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Introduction Models for Claim Number Distributions
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Front Matter
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Back Matter
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Evaluation of Bonus-Malus Systems
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Front Matter
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Back Matter
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The Design of an Optimal Bonus-Malus System
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Front Matter
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Keywords
About this book
Part I of the book contains an overall presentation of the pros and cons of merit-rating, a case study and a review of the different probability distributions that can be used to model the number of claims in an automobile portfolio. In Part II, 30 systems from 22 different countries, are evaluated and ranked according to their `toughness' towards policyholders. Four tools are created to evaluate that toughness and provide a tentative classification of all systems. Then, factor analysis is used to aggregate and summarize the data, and provide a final ranking of all systems. Part III is an up-to-date review of all the probability models that have been proposed for the design of an optimal BMS. The application of these models would enable the reader to devise the system that is ideally suited to the behavior of the policyholders of his own insurance company. Finally, Part IV analyses an alternative to BMS; the introduction of a policy with a deductible.
Authors and Affiliations
Bibliographic Information
Book Title: Bonus-Malus Systems in Automobile Insurance
Authors: Jean Lemaire
Series Title: Huebner International Series on Risk, Insurance and Economic Security
DOI: https://doi.org/10.1007/978-94-011-0631-3
Publisher: Springer Dordrecht
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eBook Packages: Springer Book Archive
Copyright Information: Springer Science+Business Media New York 1995
Hardcover ISBN: 978-0-7923-9545-4Published: 30 April 1995
Softcover ISBN: 978-94-010-4275-8Published: 04 October 2012
eBook ISBN: 978-94-011-0631-3Published: 06 December 2012
Series ISSN: 0924-5014
Edition Number: 1
Number of Pages: XXVI, 285