PL EN


2008 | 18 | 83-111
Article title

EXTREME TYPES OF BMSF(TR) ON THE OBLIGATORY AUTOMOBILE INSURANCE MARKET

Authors
Selected contents from this journal
Title variants
Languages of publication
EN
Abstracts
EN
This article concerns competition between different bonus-malus systems coexisting on the obligatory automobile insurance market. Four extreme types of BMS with 'fair' transition rules treat any driver with a given claim history in a very different way. If these systems coexisted on an obligatory insurance market, each of them would attract clients with different claim history. This would influence the size and structure of portfolios in insurance companies using each of the systems, and financial situation of the insurers and the insureds as well. The question remains if all the systems could survive this competition and how the existence of other systems on the market might influence the tariff function of each of them. The aim of this article is to present a dynamic multi-equation random-decision model which enables an analysis of market competition using Markov chains.
Year
Volume
18
Pages
83-111
Physical description
Document type
ARTICLE
Contributors
  • Barbara Cieslik, Szkola Gl√≥wna Handlowa w Warszawie, Instytut Ekonometrii, al. Niepodleglosci 164, 02-554 Warszawa, Poland
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
09PLAAAA061624
YADDA identifier
bwmeta1.element.7f5bcd4f-f83a-321b-94c8-eb2e671901f2
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.