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Designing optimal bonus-malus systems from different types of claims

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  • J. Pinquet

Abstract

This paper provides bonus-malus systems which rest on different types of claims. Consistent estimators are given for some moments of themixing distribution of a multi equation Poisson model with random effects. Bonus-malus coefficients are then obtained with the expected value principle, and from linear credibility predictors. E,pirical results are presented for two types of claims, namely claims with or without liability with respect to a third party.
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Suggested Citation

  • J. Pinquet, 1998. "Designing optimal bonus-malus systems from different types of claims," Thema Working Papers 98-19, THEMA (Théorie Economique, Modélisation et Applications), CY Cergy-Paris University, ESSEC and CNRS.
    • Handle: RePEc:ema:worpap:98-19
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    File URL: http://www.u-cergy.fr/IMG/documents//98-19Pinquet.pdf
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    References listed on IDEAS

    as
    1. J. Pinquet., 1997. "Testing heterogenity through consistent estimators," Thema Working Papers 97-14, THEMA (Théorie Economique, Modélisation et Applications), CY Cergy-Paris University, ESSEC and CNRS.
    2. Dionne, G. & Maurice, M. & Pinquet, J. & Vanasse, C., 2001. "The Role of Memory in Long-Term Contracting with Moral Hazard: Empirical Evidence in Automobile Insurance," Ecole des Hautes Etudes Commerciales de Montreal- 01-05, Ecole des Hautes Etudes Commerciales de Montreal-Chaire de gestion des risques..
    3. repec:cup:astinb:v:19:y:1989:i:02:p:199-212_00 is not listed on IDEAS
    4. J. Pinquet, 1997. "Experience rating through heterogeneous models," Thema Working Papers 97-25, THEMA (Théorie Economique, Modélisation et Applications), CY Cergy-Paris University, ESSEC and CNRS.
    5. Dionne, G. & Vanasse, C., 1988. "A Generalization of Automobile Insurance Rating Models: the Negative Binomial Distribution with a Regression Component," Cahiers de recherche 8833, Universite de Montreal, Departement de sciences economiques.
    6. repec:cup:astinb:v:4:y:1967:i:03:p:199-207_00 is not listed on IDEAS
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    More about this item

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium

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