Search Results - subject:"optimal relativities"

Evaluating transition rules for enhancing fairness in bonus-malus systems : an application to the Saudi Arabian auto insurance market

Alyafie, Asrar; Constantinescu, Corina; Yslas, Jorge - In: Risks : open access journal 13 (2025) 1, pp. 1-23

A Bonus-Malus System (BMS) is a ratemaking mechanism used in insurance to adjust premiums based on a policyholder's claim history, with the goal of segmenting risk profiles more accurately. A BMS typically comprises three key components: the number of BMS levels, the transition rules dictating...

Persistent link: https://www.econbiz.de/10015333633

Varying transition rules in bonus-malus systems : from rules specification to determination of optimal relativities

Tan, Chong It - In: Insurance / Mathematics & economics 68 (2016), pp. 134-140

Persistent link: https://www.econbiz.de/10011492631

Optimal relativities and transition rules of a bonus–malus system

Tan, Chong It; Li, Jackie; Li, Johnny Siu-Hang; … - In: Insurance: Mathematics and Economics 61 (2015) C, pp. 255-263

When a bonus–malus system with a single set of optimal relativities and a set of simple transition rules is implemented … objective function in the determination of optimal relativities that directly incorporates the a priori expected claim … frequencies to partially address one of the inadequacy scenarios. We derive the analytical solution for the optimal relativities …

Persistent link: https://www.econbiz.de/10011263843

Optimal relativities and transition rules of a bonus-malus system

Tan, Chong It; Li, Jackie; Li, Johnny Siu-Hang; … - In: Insurance / Mathematics & economics 61 (2015), pp. 255-263

Persistent link: https://www.econbiz.de/10010515875