Abstract
The automobile third party insurance merit-rating systems of 22 countries are simulated and compared, using as main tools the stationary average premium level, the variability of the policyholders' payments, their elasticity with respect to the claim frequency, and the magnitude of the hunger for bonus. Principal components analysis is used to define an "Index of Toughness" for all systems ~.
Volume
24:1
Page
287-309
Year
1994
Categories
Actuarial Applications and Methodologies
Ratemaking
Classification Plans
Actuarial Applications and Methodologies
Ratemaking
Experience Rating
Financial and Statistical Methods
Loss Distributions
Frequency
Business Areas
Automobile
Personal
Publications
ASTIN Bulletin
