Bonus-Malus System Using Finite Mixture Models

نویسندگان
چکیده

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Measuring sensitivity in a bonus–malus system

In performing Bayesian analysis of a bonus–malus system (BMS) it is normal to choose a parametric structure, π0(λ), in the insurer’s portfolio. According to Bayesian sensitivity analysis the structure function can be modelled by specifying a class Γ of priors instead of a single prior. In this paper, we examine the ranges of the relativities, i.e. δ = E[λπ(λ|data)]/E[λπ(λ)], π ∈ Γ . We illustra...

متن کامل

Bonus-malus Scales Using Exponential Loss Functions

This paper focuses on techniques for constructing Bonus-Malus systems in third party liability automobile insurance. Specifically, the article presents a practical method for constructing optimal Bonus-Malus scales with reasonable penalties that can be commercially implemented. For this purpose, the symmetry between the overcharges and the undercharges reflected in the usual quadratic loss func...

متن کامل

Bonus-malus Systems in a Deregulated Environment: Forecasting Market Shares Using Diffusion Models

In a deregulated insurance market, insurance carriers have an incentive to be innovative in their pricing decisions by segmenting their portfolios and designing new bonus-malus systems (BMS). This paper examines the evolution of market shares and claim frequencies in a two-company market, when one insurer breaks off the existing stability by introducing a super-discount class in its BMS. Severa...

متن کامل

Implicit Client Sorting and Bonus Malus Contracts

In an earlier paper, we showed that, in a multi-period setting (but with no multi-period commitment) with two client types (adverse selection) and a competitive insurer environment, a comparasin between periodic repetitions of the classic Rothschild-Stiglitz separating equilibrium contract menu and a second contract based on Bayesian learning (which we identify as a bonus-malus contract) yields...

متن کامل

Geodesic Finite Mixture Models

The use of Riemannian manifolds and their statistics has recently gained popularity in a wide range of applications involving non-linear data modeling. For instance, they have been used to model shape changes in the brain [1] and human motion [3]. In this work we tackle the problem of approximating the Probability Density Function (PDF) of a potentially large dataset that lies on a known Rieman...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Statistics, Optimization & Information Computing

سال: 2017

ISSN: 2310-5070,2311-004X

DOI: 10.19139/soic.v5i3.264