The paper presents a stochastic model with the goal to compare Bonus-Malus and No Claim Discount System in Third Party Motor Liability insurance, with special reference to the insured distribution in the classes of Bonus Malus and the effects on solvency of a non life insurance company, with run off and going concern approaches on a long time horizon. The model has based on Risk Theory and the applications have been developed in the case of a variable claim frequency for each class of Bonus Malus using Monte Carlo simulation.
BONUS MALUS SYSTEMS AND RISK RESERVE IN AUTOMOBILE INSURANCE
CERCHIARA, Rocco Roberto
2006-01-01
Abstract
The paper presents a stochastic model with the goal to compare Bonus-Malus and No Claim Discount System in Third Party Motor Liability insurance, with special reference to the insured distribution in the classes of Bonus Malus and the effects on solvency of a non life insurance company, with run off and going concern approaches on a long time horizon. The model has based on Risk Theory and the applications have been developed in the case of a variable claim frequency for each class of Bonus Malus using Monte Carlo simulation.File in questo prodotto:
Non ci sono file associati a questo prodotto.
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
