No Claim Bonus?

Bonus? No, just an onus.

When Inflation Causes No Increase in Claim Amounts

It is well known that when re insurance coverages involve a deductible, the impact of inflation of loss amounts is distorted, and the changes in claims paid by the re insurer cannot be assumed to reflect the rate of inflation. A particularly interesting phenomenon occurs when losses follow a Pareto distribution. In this case, the observed loss amounts those that exceed the deductible are identi...

Some pain, no gain: experiences with the no-claim rebate in the Dutch health care system.

To contain expenditures in an increasingly demand driven health care system, in 2005 a no-claim rebate was introduced in the Dutch health insurance system. Since demand-side cost sharing is a very controversial issue, the no-claim rebate was launched as a consumer friendly bonus system to reward prudent utilization of health services. Internationally, the introduction of a mandatory no-claim re...

No Claim? Your Gain: Design of Residual Value Extended Warranties Under Risk Aversion and Strategic Claim Behavior

T one-price-for-all extended warranties do not differentiate customers according to their risk attitudes, usage rates, or operating environment. These warranties are priced to cover the cost of high-usage customers who have more failures and are willing to pay a risk premium for their risk aversion. That makes traditional warranties economically unattractive to low-usage customers and those who...

Refractive Surgery Bonus Feature

SEPTEMBER 2010 CATARACT & REFRACTIVE SURGERY TODAY EUROPE 25 A stigmatism is an optical defect that may lead to shadowing, loss of contrast sensitivity, distortion, blurred vision, and ghosting. There are two types of astigmatism, regular and irregular. Irregular astigmatism is often caused by a corneal scar or scattering in the crystalline lens. It is estimated that astigmatism of more than -0...