PL EN


2008 | 18 | 25-41
Article title

EXPECTED PREMIUM IN THE MODEL OF BONUS-MALUS SYSTEM FAIR BY TRANSITION RULES

Authors
Selected contents from this journal
Title variants
Languages of publication
PL
Abstracts
EN
The subject of the paper are basic properties of bonus-malus system fair by the transition rules between classes (BMSF(TR)), of which definition excludes unrealistic bonus-malus systems. The paper presents an ergodic Markov chain which is a BMSF(TR) model and which allows to analyze the properties of expected value of insurance premium according to the features characterizing an insured and a system i.e. claims frequency, class in the initial year, insurance duration and maximum number of claims acknowledged in the system.
Year
Volume
18
Pages
25-41
Physical description
Document type
ARTICLE
Contributors
  • Maria Podgorska, 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
09PLAAAA061621
YADDA identifier
bwmeta1.element.9760a679-6e65-35ae-ba55-f848aafdffdc
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