Academic literature on the topic 'Efficiency of Bonus-Malus'

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Journal articles on the topic "Efficiency of Bonus-Malus"

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Patris, Poshnjari. "Developments of the Albanian Insurance Market in the Framework of the MTPL Insurance Liberalization." International Journal of Business, Economics and Management Works (ISSN: 2410-3500) 4, no. 11 (2017): 39–49. https://doi.org/10.5281/zenodo.1064625.

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Aim of this paper is to present the challenges and developments of the Albanian insurance market during the process of its liberalization. Consequently the insurance market has shown instability with regard to the fluctuations of the premium levels. A fair pricing based on the market conditions is one of the biggest challenges of the albanian insurance market. By means of an econometric model, the correlation between the liberalization process and profitability of insurance companies has been shown. This paper discusses also the efficiency of the Bonus-Malus System, which is expected to be imp
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Patris, Poshnjari. "Developments of the Albanian Insurance Market in the Framework of the MTPL Insurance Liberalization." International Journal of Business, Economics and Management Works (ISSN: 2410-3500) 4, no. 11 (2017): 39–52. https://doi.org/10.5281/zenodo.1065096.

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Abstract:
Aim of this paper is to present the challenges and developments of the Albanian insurance market during the process of its liberalization. Consequently the insurance market has shown instability with regard to the fluctuations of the premium levels. A fair pricing based on the market conditions is one of the biggest challenges of the albanian insurance market. By means of an econometric model, the correlation between the liberalization process and profitability of insurance companies has been shown. This paper discusses also the efficiency of the Bonus-Malus System, which is expected to be imp
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Dufresne, F. "The efficiency of the Swiss bonus-malus system." Insurance: Mathematics and Economics 17, no. 1 (1995): 65. http://dx.doi.org/10.1016/0167-6687(95)91060-y.

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Lemaire, Jean, and Hongmin Zi. "High Deductibles instead of Bonus-Malus: Can it Work?" ASTIN Bulletin 24, no. 1 (1994): 75–86. http://dx.doi.org/10.2143/ast.24.1.2005082.

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AbstractHoltan (1994) suggests to replace traditional bonus-malus systems by a high deductible financed by a short-term loan. Practical consequences of this proposal are investigated here. Simulation is used to evaluate the efficiency of the Taiwanese Bonus-malus system and the variability of premiums of an average policyholder. Holtan's high deductible system is analysed under a compound Poisson assumption, with truncated exponential claims. It is shown that the introduction of a high deductible would increase the variability of payments and the efficiency of the rating system for most policy
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Picech, L. "Equilibrium premiums and some efficiency measures for bonus-malus systems." Insurance: Mathematics and Economics 17, no. 3 (1996): 238. http://dx.doi.org/10.1016/0167-6687(96)82383-3.

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Heras, Antonio, José A. Gil, Pilar García-Pineda, and José L. Vilar. "An Application of Linear Programming to Bonus Malus System Design." ASTIN Bulletin 34, no. 02 (2004): 435–56. http://dx.doi.org/10.2143/ast.34.2.505152.

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The purpose of this paper is to show how linear programming methodology can help us to design Bonus-Malus premium scales with some interesting theoretical and practical attributes. Examples of these properties are the financial equilibrium of the system, the monotonicity and proper variability of the premium scale, and the improvement of some efficiency measures such as the RSAL and the elasticity of the system. We will conclude that the use of the linear programming methodology makes possible a high degree of interaction between the designer and the mathematical model.
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Heras, Antonio, José A. Gil, Pilar García-Pineda, and José L. Vilar. "An Application of Linear Programming to Bonus Malus System Design." ASTIN Bulletin 34, no. 2 (2004): 435–56. http://dx.doi.org/10.1017/s0515036100013775.

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The purpose of this paper is to show how linear programming methodology can help us to design Bonus-Malus premium scales with some interesting theoretical and practical attributes. Examples of these properties are the financial equilibrium of the system, the monotonicity and proper variability of the premium scale, and the improvement of some efficiency measures such as the RSAL and the elasticity of the system. We will conclude that the use of the linear programming methodology makes possible a high degree of interaction between the designer and the mathematical model.
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Chen, Yu, and Long Li. "Analysis of Relativity Premium in Bonus-Malus System Based on Optimal Linear Method." Mathematical Problems in Engineering 2014 (2014): 1–6. http://dx.doi.org/10.1155/2014/846407.

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A bonus-malus system plays a very important role in actuarial mathematics through determining its relativity premium, which is extensively used in automobile insurance. There are many ways including Bayesian estimator and ordinary linear estimator to calculate the relativity premium. There is no doubt that Bayesian estimator is the most accurate estimator; however, it is undesirable for commercial purposes for its rather irregular pattern. This paper aims to introduce an optimal linear estimator for relativity premium, which has a simple pattern and is obtained under the quadratic loss functio
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Tzougas, George. "EM Estimation for the Poisson-Inverse Gamma Regression Model with Varying Dispersion: An Application to Insurance Ratemaking." Risks 8, no. 3 (2020): 97. http://dx.doi.org/10.3390/risks8030097.

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This article presents the Poisson-Inverse Gamma regression model with varying dispersion for approximating heavy-tailed and overdispersed claim counts. Our main contribution is that we develop an Expectation-Maximization (EM) type algorithm for maximum likelihood (ML) estimation of the Poisson-Inverse Gamma regression model with varying dispersion. The empirical analysis examines a portfolio of motor insurance data in order to investigate the efficiency of the proposed algorithm. Finally, both the a priori and a posteriori, or Bonus-Malus, premium rates that are determined by the Poisson-Inver
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Holtan, Jon. "Note on the Papers by J. Holtan and By J. Lemaire & H. Zi." ASTIN Bulletin 24, no. 1 (1994): 87–88. http://dx.doi.org/10.1017/s0515036100002658.

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According to the editorial rules of treating discussion situations in the ASTIN Bulletin the paper by J. Lemaire & H. Zi being somewhat a discussion on Holtan's paper was sent to the author of the original paper, who was given the opportunity to make an additional comment. The editors then received the following note by Jon Holtan:In this note I want to give some general comments on the papers by Lemaire & Zi (1994) and Holtan (1994).Interpret henceforth a bonus-malus (BM) principle as consisting of two basic components:(a) The BM design.(b) The BM tariff parameters.Traditional actuari
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Book chapters on the topic "Efficiency of Bonus-Malus"

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Lemaire, Jean. "Efficiency Measures of a Bonus-Malus System." In Automobile Insurance. Springer Netherlands, 1985. http://dx.doi.org/10.1007/978-94-015-7708-3_17.

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Amine, Samir. "The Labor Market Regulation." In Handbook of Research on Unemployment and Labor Market Sustainability in the Era of Globalization. IGI Global, 2017. http://dx.doi.org/10.4018/978-1-5225-2008-5.ch004.

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This article aims to provide an analytical and critical reading of the state of knowledge on legislation relating to employment protection (EPL) and its impacts on unemployment, jobs creation, productivity and more generally efficiency of the labor market. We show that the construction of indicators of EPL adopted by the OECD is incomplete and does not take into account local specificities of each labor market. We also show that the dominant idea among liberals that any regulations impeding freedom of the labor market generates unemployment and loss of effectiveness is not so obvious to verify
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