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Document Details : Title: Bonus Made Easy Author(s): HOLTAN, Jon Journal: ASTIN Bulletin Volume: 24 Issue: 1 Date: May 1994 Pages: 61-74 DOI: 10.2143/AST.24.1.2005081 Abstract : The paper introduces an alternative approach to the traditional experience rating theory in automobile insurance The approach is based on a simple theory of how high deductibles financed by loans maintain the risk differentiation in an automobile insurance arrangement Thus the approach differs totally from the usual bonus-malus classes as well as from the credibility based experience rating ideas. The paper is of a theoretical nature and leads up to a mathematical descrtptlon of how the approach may be optimalized withm the framework of a risk model. |
