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Bonus-Malus Systems in Automobile Insurance

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ISBN-10: 079239545X

ISBN-13: 9780792395454

Edition: 1995

Authors: Jean Lemaire

List price: $169.99
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Book details

List price: $169.99
Copyright year: 1995
Publisher: Springer Netherlands
Publication date: 4/30/1995
Binding: Hardcover
Pages: 285
Size: 6.10" wide x 9.25" long x 1.00" tall
Weight: 3.014
Language: English

List of Figures
List of Tables
Preface
Main Notations
Introduction: Definition of a Bonus-Malus System
A Typical Bonus-Malus Evolution: The Belgian Case
Models for the Claim Number Distribution
Tool 1: The Relative Stationary Average Level
Tool 2: The Coefficient of Variation of the Insured's Premiums
Tool 3: The Elasticity of the Bonus-Malus System
Tool 4: The Average Optimal Retention
An Index of Toughness
Comments for Specific Countries: Rate of Convergence
Construction of an Optimal System. Expected Value Principle
Other Loss Functions. Other Premium Calculation Principles
Penalization of Overcharges
Allowance for the Severity of Claims
The Effect of Expense Loadings
A High-Deductible System
Empirical Determination of the Deductible
References
Author Index
Subject Index
About the Author