A Non-asymptotic Automobile Bonus-malus System with Varying
Transition Rules

D 2019

A Non-asymptotic Automobile Bonus-malus System with Varying Transition Rules

ZLATOŠOVÁ, Silvie

Základní údaje

Originální název

A Non-asymptotic Automobile Bonus-malus System with Varying Transition Rules

Autoři

ZLATOŠOVÁ, Silvie

Vydání

Brno, EUROPEAN FINANCIAL SYSTEMS 2019, od s. 650-655, 6 s. 2019

Nakladatel

Masarykova univerzita

Další údaje

Jazyk

angličtina

Typ výsledku

Stať ve sborníku

Obor

10102 Applied mathematics

Stát vydavatele

Česká republika

Utajení

není předmětem státního či obchodního tajemství

Forma vydání

elektronická verze "online"

Odkazy

URL

Označené pro přenos do RIV

Ano

Kód RIV

RIV/00216224:14560/19:00110979

Organizační jednotka

Ekonomicko-správní fakulta

ISBN

978-80-210-9338-6

UT WoS

000503222600078

Klíčová slova anglicky

bonus-malus system; optimal relativities; non-asymptotic criterion; the efficiency of a bonus-malus system

Příznaky

Recenzováno

Změněno: 11. 5. 2020 14:11, Mgr. Pavel Sedláček

Anotace

V originále

In this paper, we examine a non-asymptotic criterion for a bonus-malus system in vehicle insurance, and we combine it with varying transition rules. Policies are in effect only during a finite number of insurance periods. If most of the policies are far from a stationary state, it is useful to change the criterion so that to consider the rating error for new policies and policies of medium age too. Therefore we use a bonus-malus system based on minimization weighted average of the expected square rating errors for selected insurance periods. We calculate the relative premium associated with each level of the bonus-malus system. Finally, we compare our proposed bonus-malus system with the system from the Czech Insurance Company. We find that the proposed examples of non-asymptotic bonus-malus system are more effective than the current system used by the Czech Insurance Company.

Citovat

ZLATOŠOVÁ, Silvie. A Non-asymptotic Automobile Bonus-malus System with Varying Transition Rules. Online. In Josef Nešleha Lukáš Marek Miroslav Svoboda Zuzana Rakovská. EUROPEAN FINANCIAL SYSTEMS 2019. Brno: Masarykova univerzita, 2019, s. 650-655. ISBN 978-80-210-9338-6.

@inproceedings{1570356,
   author = {Zlatošová, Silvie},
   address = {Brno},
   booktitle = {EUROPEAN FINANCIAL SYSTEMS 2019},
   editor = {Josef Nešleha Lukáš Marek Miroslav Svoboda Zuzana Rakovská},
   keywords = {bonus-malus system; optimal relativities; non-asymptotic criterion; the efficiency of a bonus-malus system},
   howpublished = {elektronická verze "online"},
   language = {eng},
   location = {Brno},
   isbn = {978-80-210-9338-6},
   pages = {650-655},
   publisher = {Masarykova univerzita},
   title = {A Non-asymptotic Automobile Bonus-malus System with Varying Transition Rules},
   url = {https://munispace.muni.cz/library/catalog/book/1273},
   year = {2019}
}

TY  - CONF
ID  - 1570356
AU  - Zlatošová, Silvie
PY  - 2019
TI  - A Non-asymptotic Automobile Bonus-malus System with Varying Transition Rules
PB  - Masarykova univerzita
CY  - Brno
SN  - 9788021093386
KW  - bonus-malus system
KW  - optimal relativities
KW  - non-asymptotic criterion
KW  - the efficiency of a bonus-malus system
UR  - https://munispace.muni.cz/library/catalog/book/1273
L2  - https://munispace.muni.cz/library/catalog/book/1273
N2  - In this paper, we examine a non-asymptotic criterion for a bonus-malus system in vehicle insurance, and we combine it with varying transition rules. Policies are in effect only during a finite number of insurance periods. If most of the policies are far from a stationary state, it is useful to change the criterion so that to consider the rating error for new policies and policies of medium age too. Therefore we use a bonus-malus system based on minimization weighted average of the expected square rating errors for selected insurance periods. We calculate the relative premium associated with each level of the bonus-malus system. Finally, we compare our proposed bonus-malus system with the system from the Czech Insurance Company. We find that the proposed examples of non-asymptotic bonus-malus system are more effective than the current system used by the Czech Insurance Company.
ER  -

ZLATOŠOVÁ, Silvie. A Non-asymptotic Automobile Bonus-malus System with Varying Transition Rules. Online. In Josef Nešleha Lukáš Marek Miroslav Svoboda Zuzana Rakovská. \textit{EUROPEAN FINANCIAL SYSTEMS 2019}. Brno: Masarykova univerzita, 2019, s.~650-655. ISBN~978-80-210-9338-6.

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