|Title:||A Bonus-Malus system with more competitive rates by using the Esscher Principle||Authors:||Gómez Déniz, Emilio
León Santana, Miguel
|UNESCO Clasification:||5302 Econometría
530202 Modelos econométricos
|Issue Date:||2005||Journal:||Estudios De Economia Aplicada||Abstract:||The main purpose of the Bonus-Malus Systems is to better the individual risk, so that, policyholders will pay, in the long run, a premium corresponding to their own claim frequency. Nevertheless, in all Bonus-Malus system some people are unfairly penalized, since they pa more than their pure premium. We present a model, based on a suggestion of Lemaire (1979, pp. 278-281) which decreases these overcharges by minimizing the expectation of the Esscher loss function, obviously under the condition of financial balance of the system.||URI:||http://hdl.handle.net/10553/77164||ISSN:||1133-3197||Source:||Estudios De Economia Aplicada[ISSN 1133-3197],v. 23 (1), p. 79-91, (2005)|
|Appears in Collections:||Artículos|
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