this issue
previous article in this issuenext article in this issue

Document Details :

Title: A Comparative Analysis of 30 Bonus-Malus Systems
Author(s): LEMAIRE, Jean , HONGMIN, Zi
Journal: ASTIN Bulletin
Volume: 24    Issue: 2   Date: November 1994   
Pages: 287-309
DOI: 10.2143/AST.24.2.2005071

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.