A Model of Risk Distribution in Czech Bonus-Malus Systems
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F71226401%3A_____%2F13%3A%230000066" target="_blank" >RIV/71226401:_____/13:#0000066 - isvavai.cz</a>
Result on the web
<a href="https://mme2013.vspj.cz/" target="_blank" >https://mme2013.vspj.cz/</a>
DOI - Digital Object Identifier
—
Alternative languages
Result language
angličtina
Original language name
A Model of Risk Distribution in Czech Bonus-Malus Systems
Original language description
By adopting a bonus-malus system in insurance industry the premium is no more a fixed value, but becomes a random variable. It implies that the standard deviation of annual premium paid by a policyholder is greater than zero. As risk is usually measuredby means of the standard deviation of the correspondent random variable, the insurance company applying a bonus-malus system does not take the entire risk of the total coverage of all the damages the policyholder caused. A part of the risk carries a policyholder him or herself. So the risk is divided between the policyholder and the insurance company. It is possible to divide the risk according to the Schnieper covariance model of risk distribution. Czech insurance companies have started using bonus-malus system in automobile insurance systematically since 2000. In this paper the Schnieper covariance model of risk distribution is used to investigate the ability of bonus-malus systems currently applied on Czech automobile insurance marke
Czech name
—
Czech description
—
Classification
Type
D - Article in proceedings
CEP classification
BB - Applied statistics, operational research
OECD FORD branch
—
Result continuities
Project
—
Continuities
V - Vyzkumna aktivita podporovana z jinych verejnych zdroju
Others
Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
31st International Conference on Mathematical Methods in Economics 2013
ISBN
978-80-87035-76-4
ISSN
—
e-ISSN
—
Number of pages
7
Pages from-to
868-874
Publisher name
VŠP Jihlava
Place of publication
Jihlava
Event location
Jihlava
Event date
Jan 1, 2013
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
—