Estimating the effect of a change in insurance pricing regime on accidents with endogenous mobility.

In this paper, we estimate the impact of introducing a bonus-malus system on the probability of having automobile accidents, taking into account contract duration or the client mobility between insurers. We show that the new incentive scheme reduces accident rates of all policyholders when contract duration is taken into account, but does not affect accident rates of movers that shirk the imposed incentive effects of the new insurance pricing scheme.

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Year of publication:	2007-09
Authors:	Dionne, Georges ; Dostie, Benoit
Institutions:	Institut d'Économie Appliquée, HEC Montréal (École des Hautes Études Commerciales)
Subject:	Bonus-malus \| contract duration \| automobile accident \| Poisson distribution \| right- and left-censoring \| exponential distribution

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Extent:	application/pdf
Series:	Cahiers de recherche.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The price is Free Number 07-11 26 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005651471