Efficiency of bonus-malus system
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F14%3A00077216" target="_blank" >RIV/00216224:14560/14:00077216 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Efficiency of bonus-malus system
Original language description
This paper deals with bonus-malus (BM) system in vehicle insurance. This system penalizes drivers responsible for accidents and rewards the drivers for claim-free years. First the long term behaviour of BM system is studied. Then the relative Bayesian premium associated with each level of BM system is suggested for insurance portfolio. For this purposes, minimization of quadratic loss function and Bayesian approach are used. The calculated relative premium is compared to the relative premium from CzechInsurance Company. Finally, the efficiency of bonus-malus system is evaluated by Loimaranta efficiency.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
BB - Applied statistics, operational research
OECD FORD branch
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Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
ŘÍZENÍ A MODELOVÁNÍ FINANČNÍCH RIZIK
ISBN
9788024836317
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
323-328
Publisher name
VŠB-Technická univerzita Ostrava, Ekonomická fakulta, katedra financí
Place of publication
Ostrava, Czech Republic
Event location
Ostrava
Event date
Jan 1, 2014
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000350605800039