Policyholder's Risk in Czech and Slovak 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_____%2F14%3A%231005204" target="_blank" >RIV/71226401:_____/14:#1005204 - 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
Policyholder's Risk in Czech and Slovak Bonus-Malus Systems
Original language description
Both countries of the former federation started a systematic application of bonus-malus systems in automobile insurance at the beginning of the 21th century. The premium has become a random variable and policyholders have taken a part of risk from the insurer to themselves since. The main goal of the paper is to answer the following question. What is the present ability of the Czech and Slovak bonus-malus systems to pass the risk on to policyholders? That ability is expressed quantitatively using Schnieper?s formula for risk?s division. The paper also offers a relative expression of the risk to the risk in a hypothetical bonus-malus system in which each policyholder would pay premium worth the average total costs associated with their insurance policy.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50206 - Finance
Result continuities
Project
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Continuities
V - Vyzkumna aktivita podporovana z jinych verejnych zdroju
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
Quantitative Methods in Economics
ISBN
978-80-225-3868-8
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
249-254
Publisher name
Ekonóm
Place of publication
Bratislava
Event location
Bratislava
Event date
Jan 1, 2014
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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