A Model of Risk Distribution in Czech Bonus-Malus Systems

Kód výsledku v 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>

Výsledek na webu

<a href="https://mme2013.vspj.cz/" target="_blank" >https://mme2013.vspj.cz/</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

A Model of Risk Distribution in Czech Bonus-Malus Systems

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

A Model of Risk Distribution in Czech Bonus-Malus Systems

Popis výsledku anglicky

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

Druh

D - Stať ve sborníku

CEP obor

BB - Aplikovaná statistika, operační výzkum

OECD FORD obor

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Projekt

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Návaznosti

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Rok uplatnění

2013

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

31st International Conference on Mathematical Methods in Economics 2013

ISBN

978-80-87035-76-4

ISSN

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e-ISSN

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Počet stran výsledku

7

Strana od-do

868-874

Název nakladatele

VŠP Jihlava

Místo vydání

Jihlava

Místo konání akce

Jihlava

Datum konání akce

1. 1. 2013

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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