A Comparative Analysis of 30 Bonus-Malus Systems

descriptionPublicationkeyboard_double_arrow_right Article 01 Nov 1994 United States English Publisher:Cambridge University Press (CUP)Journal:ASTIN Bulletin, volume 24, pages 287-309 (issn: 0515-0361, eissn: 1783-1350,

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Authors: Lemaire, Jean; Zi, Hongmin;

doi: 10.2143/ast.24.2.2005071

handle: 20.500.14332/5220

A Comparative Analysis of 30 Bonus-Malus Systems

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Abstract

AbstractThe automobile third party insurance merit-rating systems of 22 countries are simulated and compared, using as main tools the stationary average premium level, the variability of the policyholders' payments, their elasticity with respect to the claim frequency, and the magnitude of the hunger for bonus. Principal components analysis is used to define an “Index of Toughness” for all systems.

Country

United States

Related Organizations

University of Pennsylvania
United States

Keywords

Public Policy and Public Administration, Economics, Public Affairs, Business

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